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Tag: BTC

Bitcoin trader converts $1.25B long position to short as BTC value drops below $108K

Key Points: Bitcoin continues to drift further from its recent peak as trade tariffs in the U.S. impact market sentiment. Some traders suggest that BTC’s price might dip even lower while still being part of a bull market. James Wynn, a notable trader, is betting against BTC after previously closing a substantial position worth $1.25 […]

Price forecasts for 5/23: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

Key Points Bitcoin has dipped below $109,588, but traders seem to be buying during dips. The high levels of leverage in Bitcoin futures raise the risk of a quick correction. Some altcoins have retreated from their resistance points, suggesting that sellers remain active during rallies. Sellers have pushed Bitcoin below the $109,588 breakout level. However, […]

Bitcoin open interest reaches all-time high as BTC falls below $111K

Bitcoin Futures Open Interest (OI) has hit a record high for crypto derivative exchanges, as traders are increasingly optimistic that cryptocurrencies will reach new historical highs. On May 23rd, open interest for Bitcoin (BTC) futures rose to just over $80 billion, according to Coinglass. Since their introduction in May, derivate speculators have ramped up their […]

Bitcoin ETFs Gain $1 Billion in Just 2 Days as BTC Price Hits Record High

Simply put On Wednesday, US investors invested close to $1 billion into Bitcoin ETFs. Bitcoin prices have surged to new heights. US Bitcoin ETFs have seen over $42 billion in net inflows. Investors are showing significant interest, funneling nearly $1 billion into a newly launched Bitcoin ETF in the US. This trend highlights a growing […]

Price forecasts for 5/21: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

Key Points: Bitcoin has reached a new high, but the Bulls need to hold the line to keep gaining momentum. Some altcoins have bounced back from their support levels, showing encouraging signs. Analysts are optimistic that Bitcoin will continue its upward trend and potentially hit $200,000 by year’s end. Bitcoin recently surged to a peak, […]

XRP Update: SEC Postpones ETF Reviews Amid Ongoing Legal Issues; BTC Reaches $106k

Bitcoin Gains as Genius Act Progresses While XRP faced selling pressure, Bitcoin (BTC) experienced a rise on May 20 as investors reacted positively to the potential passing of the Genius Act in Congress. The Senate approved the act on May 19, with support from 16 Democrats. Reportedly, it could change their voting direction in favor […]

Bitcoin open interest reaches all-time high as buyers rush towards new BTC price peaks

Key Takeaways Open interest in Bitcoin futures has reached an all-time high of $72 billion, suggesting institutional investors are increasing their use of leverage. There are about $1.2 billion in short positions at risk of liquidation between $107,000 and $108,000, which could heighten the chances of Bitcoin breaking out. On May 20, overall interest in […]