Bitcoin Whale Closes $516M Short, Nets $9.4M Profit in Eight Days
Whale Profits from Leveraged Bitcoin Short A Bitcoin whale has secured nearly $10 million in profit after closing a massive short position worth over $516 million. The move came just days before the highly anticipated Federal Open Market Committee (FOMC) meeting, which could have significant implications for the cryptocurrency market.
Bitcoin Volatility Lull Won’t Last, Derive Warns of Impending Storm
Bitcoin (BTC) has settled into a period of low volatility, but this calm may be temporary. Derive, an on-chain crypto options platform, suggests that a storm of price swings could be on the horizon as volatility indicators reach near-monthly lows. BTC Consolidation Signals Imminent Volatility Since March 12, BTC has
Solana (SOL) Price Declines Amid Waning DeFi Interest
Solana Faces Further Losses as Investor Interest Diminishes Solana (SOL) has experienced a sharp decline, dropping by 6.5% in the past 24 hours to trade at around $127 on 17 March. The broader cryptocurrency market has also faced similar losses. Key factors driving this downturn include decreasing investor interest in
OKX has been compelled to cease offering DEX services until EU regulators investigate the Bybit breach.
OKX is temporarily suspending its decentralized exchange (DEX) aggregator services in the European Union, citing regulatory concerns. The suspension comes amid reports that EU regulators are investigating its Web3 services after hackers used them to launder stolen funds from the $1.5 billion Bybit hack. While OKX has denied being under investigation,
Binance Moves 134 Million in a Big USDC Transfer
Over 134 million USDC was transferred from Binance to an unidentified wallet at 16:17, according to Whale Alert. The transaction raises questions about liquidity and potential trading actions, echoing previous large-scale stablecoin movements. Traders observe impactful shifts in cryptocurrency dynamics. 134.6 Million USDC Moves to Unknown Wallet Recent large-scale transfer moved 134,607,656 USDC from Binance to
Bybit CEO Proposes Lower Leverage as Hyperliquid Faces $4M Loss
Bybit CEO Ben Zhou has called for a dynamic risk mechanism that reduces leverage as trading positions increase, following a significant loss suffered by decentralised exchange (DEX) Hyperliquid. Hyperliquid recently recorded a $4 million loss after an Ether (ETH) whale executed a high-leverage trade. The incident highlights the liquidity challenges
Bitcoin Surges Past $82,000 Amid Bullish Technical Signals
Bitcoin’s price has seen a significant upswing, climbing over 5% in the past 24 hours to reach a high of $83,786 on March 12. The cryptocurrency rebounded strongly from a recent local low of $76,450, signalling a bullish technical setup across multiple timeframes. Technical Strength Holds Firm On the weekly
Bitcoin Rebounds to $82,700 Ahead of Key US Inflation Data
Bitcoin (BTC) is back on an upward trajectory, reclaiming $82,700 after a sharp decline over the weekend. The leading cryptocurrency plunged 9.14% on Sunday, breaking below its 200-day Exponential Moving Average (EMA) at $85,664 before finding support at $78,258. A strong rebound on Tuesday saw BTC recover 5.52%, with traders
Bitcoin Whales Signal Market Rebound as Binance Selling Pressure Eases
Bitcoin is witnessing a gradual resurgence in buyer interest, with large-volume investors leading the way while smaller traders remain hesitant following recent market declines. Whale Activity Suggests Changing Market Dynamics Bitcoin (BTC) is proving to be an attractive investment for major players at the $80,000 level, while those looking to
Bitcoin Price Dips Below $80K as Market Faces $1 Trillion Sell-Off
Bitcoin and the broader crypto market have been hit hard in recent weeks, shedding a staggering $1 trillion in value. The sharp downturn follows growing concerns about inflation, interest rates, and a potential U.S. recession, all of which have spooked investors. The bitcoin price has slipped below $80,000, dragging down
