Today, the price of Bitcoin dropped below the psychologically significant $90,000 level for the first time since late April, with the decline from last month’s all-time high now approaching -30%. Why is Bitcoin Falling? One of the main reasons is the highly leveraged nature of the cryptocurrency market. According to Coinglass, $1 billion worth of…
The market finally cracked. After months of chop and countless attempts to push higher, Bitcoin lost its grip on six-figure territory and tumbled straight back into the low 90s, while $ETH is flirting with sub 3K. It’s been a brutal few weeks for the entire crypto space, and today we dive into what triggered this…
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George Soros was not a trader who scalped on 5-minute candles.He did not use RSI, MACD, or Bollinger Bands.He did not trade stocks, NFTs, or even Bitcoin — he traded the macroeconomic imbalances behind currencies. He traded currencies.And he did so as a macro-arbitrageur—with billion-dollar positions—based on one clear principle: “When the market is wrong—and…
Join Our Telegram channel to stay up to date on breaking news coverage Michael Saylor, Executive Chairman of Strategy, denied reports that the firm sold 47,000 Bitcoin as the crypto market leader’s price fell below $96k. Bitcoin hit a low in the past 24 hours of $94,000.73 but has since recovered some lost ground to…
Bitcoin BTC$94,997.06 saw no bounce Friday, holding at session lows below $95,000 late in the U.S. day after a bruising week that dragged prices to their lowest since May. The largest cryptocurrency is again underperforming U.S. stocks, with major U.S. indices holding onto minor gains a few minutes prior to the end of trading. BTC…
Easy trades that pay well How to Identify and Trade a Liquidating Market Easy trades that pay well A liquidating market occurs when traders are focused on exiting positions and not adding new ones. Instead of fresh buying or selling to build positions, the dominant flow consists of participants rushing to get out, creating…
Market Overview The crypto market capitalisation has fallen by more than 6% over the last day to $3.26 trillion, its lowest level since early July. The crypto market has set lower local lows, confirming the downward trend. Since its peak on 7 October, the crypto market capitalisation has fallen by more than $1 trillion, or…
Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price plunged 6.4% over the past 24 hours to trade at $97,297 as of 2:21 a.m. EST on trading volume that soared 47% to $110 billion. The slump came as BTC led the broader crypto market capitalization down 6% to…
On-chain data shows Bitcoin miner Binance deposits have been at elevated levels recently, a potential sign that this group is selling. Bitcoin Miners Have Sent 71,000 BTC To Binance In November As explained by an analyst in a CryptoQuant Quicktake post, November has seen the miners send a notable amount of Bitcoin to cryptocurrency exchange…