Last night, short positions worth $150 million were liquidated. If we manage to break the 72,000 mark today and hold it, there are good chances to reach 74,000 and collect all the stop losses of the shorts.
I've seen a lot of different posts from traders over the week and noticed that all the stop losses are set between 72,000 and 74,000. As I mentioned earlier, if we collect the stop losses, it will act as fuel for growth. And judging by the fact that many have been caught in shorts, a cascade of stop losses will allow us to fly to 74,000.
Almost 65k traders were liquidated in the last 24 hours, the total amount of liquidations was $161 million. Moreover, shorts were liquidated for $90 million and longs for $71 million.
Fear and greed at 54% is neutral.
Bitcoin dominance is at 58.5%, while the altcoin is standing, Bitcoin is growing and sucking in capitalization. The price of Bitcoin is already $70,000 per coin.
Bitcoin ETF has brought in almost $800 million in the last 7 days.
My favorite Solana, despite all the cries about shorts and a fall, is holding on and continues to go to the level of 190. I wonder if we can break through this level and gain a foothold, we'll see soon.
I don't understand why everyone is waiting for Solana to fall? I read the news and everyone is sitting in shorts, and they are sitting in the minus and asking what to do: close or wait? Why can't anyone open a chart and see what is happening with the coin?
Look at the chart below. It is clear that the coin is now moving sideways and this impulse is going to 190, it is possible to just touch it and roll back, or there may be a breakout.
How do you take a short from the middle of the chart? There is a clear channel of $120-$190.
Conclusion: if you want to try a short, then you need to put it somewhere from 185-190 with a stop behind the level and pull it down. Putting a short in the middle is some kind of murder)
Why is it important to analyze past cryptocurrency cycles?
Analyzing past bull and bear markets is not only useful, but also necessary. It is important not only to study charts and metrics, but also to follow the opinions of bloggers and the mood of the masses on social networks. This helps to understand how to manage your investments: when to buy assets and when to take profits.
Short Liquidations: What Are They and How Do They Affect Price Growth?
A short squeeze is a phenomenon that often results in a rapid increase in the price of an asset in financial markets. Let's see how it works. What is a short position? A short position is when a trader sells a borrowed asset, expecting its price to fall. Once the price drops, the trader buys the asset back at a lower price, returns it, and locks in the profit on the difference. However, if the price starts to rise instead, the short seller's losses can be unlimited.
Which Altcoins Do I Prefer? My Investment Portfolio.
Today I want to talk about the cryptocurrencies I have invested in and share my thoughts on them. I formed my portfolio back in 2022, bought a little more in 2023 and now I am sticking to my strategy, waiting for the set goals to be achieved. For all this, I sold only a couple of coins. This is what it consists of:
Today we will look at what tapalki are and who makes money on them. Initially, the concept of tapalok appeared together with the TON cryptocurrency. The first of them – the NOT tapalok – attracted fewer players than subsequent projects, which allowed early users to make a small profit. However, as the popularity grew, new projects appeared, and today almost anyone can launch their own tapalok.
Why is Bitcoin growing while altcoins remain stagnant?
I often come across such questions, and in fact the reasons are quite obvious. Here are some key factors that explain this phenomenon:
1. Bitcoin is a leading cryptocurrency with huge support. It is the first and most famous cryptocurrency in the world with a strong community, support from top investors and tools like spot ETFs.
I recently shared my opinion on Solana's prospects, pointing to an important resistance level in the $160 area. This morning I saw my analysis come true: Solana broke through this level with one powerful candle without any pullbacks and reached $170, after which there was a small pullback.
Now the situation requires “fuel” for further growth, and two scenarios are possible:
1. Accumulation: a small consolidation in the $160-190 range with a subsequent attempt to break the $190 level.
2. Fuel for shorts: an increase in the number of shorts that can be quickly liquidated, which will create additional momentum for a breakout of the $190 level.
Conclusion: I believe that Solana can break the $190 mark in the next 1-2 weeks, based on a combination of factors.
Dogecoin Analysis: Is the Market Ready for a New Leap?
Dogecoin has shown impressive growth over the past few days, rising 45% and reaching a key resistance level at $0.14. This level has been tested many times: in mid-2023, we saw a sharp breakout, but it was short-lived and the price quickly rolled back to $0.10. In 2024, $Dogecoin broke through $0.14 again, held in a range, and reached a new resistance level around $0.175, but again faced a sell-off amid investor fatigue.
“Why many people get “unwound” in futures and how to avoid it”
Lately I often see comments from newbies: "A $50 deposit evaporated on futures", "The coin went the wrong way, and I'm in the red", "I entered on a signal, and the market went in the opposite direction." These stories are repeated over and over again. The problem is that many new traders, inspired by YouTube videos or posts about big profits on futures, start trading without even learning the basic principles. As a result, they lose their deposits.
Solana is approaching an important level in the $160 per coin area. If you look at the chart, you can see that the price approached this level and rolled back several times, but each subsequent fall was smaller, forming a triangle with a squeeze to the upper zone.
Possible scenarios: -Breakthrough of the $160 level: If it manages to break through this level and consolidate above, a small trade in the $160-$190 range is expected. - Unsuccessful breakout: In case of failure, a fall down to the $120 area is likely.
Conclusion: Given the current macro indicators and the absence of negative events, I believe that Solana will be able to break through the $160 level and, possibly, overcome $190, and then - only a higher)
Share your opinion in the comments, let's discuss together!
Today the market turned red. But this is not a reason to panic, but a great opportunity for those who wanted to buy more coins, but did not dare. Such moments are rare, and now is the time to take advantage of the situation. History shows that after the halving in October, there was always growth, followed by all the cryptocurrency.
There is panic on social networks, no one understands what is happening. Someone is hastily selling at a loss, someone is frantically looking for answers on YouTube. And someone is shorting and making money!
My opinion: if you are prone to panic, cryptocurrency is not your path. Those who have experienced at least one serious fall, for example, like in 2022, have already hardened and calmly perceive slight corrections.
Personally, I bought a few coins and am enjoying my vacation with a clear conscience.
DeFi Market Rebounds From 30-Month Low, Volumes Reach Highest Since March
Decentralized finance (DeFi) is once again showing signs of recovery from a 30-month low. Trading volumes have reached their highest level since March, with the total value of assets locked up in DeFi protocols rising from $35.8 billion to $42 billion in two weeks.
The rise is due to rising asset prices and new inflows aimed at generating income through staking and borrowing #defi #CryptoNewss $BTC
Solana continues to solidify its position as one of the leading platforms for Web3 development. With its high throughput and low fees, Solana is attracting more and more developers and projects.
Solana recently introduced new tools and libraries, such as **@solana/web3.js**, which make it much easier to build and integrate decentralized applications.
These tools allow developers to easily interact with the Solana network, manage accounts, and process transactions.
In addition, Solana is actively collaborating with various projects and companies to advance Web3 and improve the blockchain infrastructure.
These efforts help create a more open, decentralized, and secure internet ecosystem.
How one Bitcoin fan lost his wallet... in a pizza!#BTC☀️
Last week, one crypto enthusiast decided to celebrate the rise of Bitcoin with pizza. He ordered a huge pizza and thought it would be funny to hide a flash drive with his Bitcoin wallet inside the box, so he could take a photo and post it on social media. But here's the problem - in the midst of the pizza party, he forgot about his creative idea and threw the box and wallet in the trash! When he remembered and ran to the trash bins, they had already been taken out. As a result, the happy garbage man became the owner of a Bitcoin fortune.
#Ethereum✅ On the Edge: Will $2505.90 Resistance Be Broken?
Ethereum (ETH) tested the $2505.90 resistance level in the last 24 hours but faced rejection, entering a short-term correction.
If the bearish momentum continues, the critical level will be the support at $2391.10. A break of this level could send ETH to the next support at $2317.30.
However, a break above $2505.90 could trigger a rally to $2700 in the short term. The market sentiment in favor of a bullish breakout is driven by a number of factors that contribute to the upward trajectory. #ETH🔥🔥🔥🔥 #2700$ETH
1. $100 million SUI token unlock. Today, a large number of SUI tokens will be unlocked, which may lead to a change in the market price. Usually, such events cause increased volatility, as some of the tokens may be sold on the market. Investors are closely watching this event, as it may affect the overall capitalization and price movements of SUI in the coming days.
2. Spectre (SPCTR) Listing on AscendEX. The SPCTR token is officially listed on the AscendEX exchange today, which will open up new trading opportunities. This is an important milestone for the project, as listing on a major exchange increases the token's availability and liquidity. SPCTR will begin trading with the SPCTR/USDT trading pair, which may affect its demand and interest among crypto investors.
3. Bitcoin, despite everything, gave a small boost and grew by 3% in 24 hours
Do you think we will end this week in plus or minus?
In the world of cryptocurrency, security is not just a recommendation, it’s a necessity. In the first half of 2024, the crypto industry lost $1.19 billion due to hacking and breaches, with $498 million stolen through phishing attacks, one of the most common threats. The most significant breach, the theft of $304 million from Japanese exchange DMM Bitcoin, serves as a disturbing reminder of the risks associated with insufficient asset protection.
To avoid such situations, it is important to use hardware wallets, which provide the highest level of security by storing private keys offline. Two-factor authentication (2FA) is another key step to protect your exchange accounts, as it adds an extra layer of protection. Never share your passwords and private keys, even with close people, as this can give attackers access to your assets.
In a world where every vulnerability can lead to major financial losses, using reliable security methods is a must to keep your crypto assets safe.
Many are writing that Israel will strike Iran on Monday. They are even already saying that Iran has closed its airspace and is preparing for an attack. We all know that the market always factors in either positive news that will be or negative, but for some reason over the past 3 days we have seen that part of the crypto market has shown a slight increase. The same #btc by 2000$ has grown and #sol by $10. Do you think that Israel will really carry out its plan and that we will wake up tomorrow morning and see a fall, or is this a bluff and the crypto market knows about it and therefore did not factor in a fall?