Latest news with #Coinglass
Yahoo
3 days ago
- Business
- Yahoo
SHIB Long-Short Ratio Slides as Over $1.8M in Bullish Bets Liquidated
A key indicator is flashing red for shiba inu (SHIB) as the recent price drop to two-month lows has shaken out leveraged bullish bets. The indicator in consideration is the long-short ratio derived from the perpetual futures market. It measures the number of active longs or bullish bets relative to shorts, providing cues on market sentiment. The ratio has dropped to 0.9298, indicating bearish sentiment among traders, according to CoinDesk's AI insights. This follows the forced closure or liquidation of long positions worth over $1.8 million since June 12, according to data source Coinglass. Exchanges liquidate positions due to margin shortages. The dollar value of the shorts squeezed out during this period is less than $500,000. Over the past 24 hours, the derivatives market has exhibited growing caution, with open interest decreasing by 2.14% to $145.33 million and long liquidations surging to $244,000, compared to just $57,000 in short liquidations. SHIB's price has dropped by 10% to $0.00001164 since June 12, according to data source CoinDesk. The minor recovery from Tuesday's two-month low of $0.00001134 is providing bullish hints on short-duration price charts. SHIB continues to hold support above the critical $0.00001100 level, indicating a potential trend reversal. Technical analysis reveals a minor bullish divergence in the daily RSI, with MACD and signal lines approaching a bullish crossover that could propel SHIB toward the 23.60% Fibonacci level at $0.00001390. Above-average volume confirmed buyer interest with the closing price of $0.00001170, suggesting stabilization above critical support. Hourly RSI indicates oversold conditions, potentially setting up for a technical bounce if the $0.00001168 support level holds.
Yahoo
5 days ago
- Business
- Yahoo
Hyperliquid's HYPE Becomes Fifth Largest Token in Futures Trading; XRP Remains Ahead
HYPE, the token of leading decentralized perpetual exchange Hyperliquid, is now the fifth-largest digital asset by futures open interest. At the time of writing, the dollar value of the number of active or open bets in HYPE futures (perpetual and standard) traded worldwide was $2.06 billion, according to data source Coinglass. That placed HYPE ahead of dogecoin DOGE as futures tied to the meme token had an open interest of $1.83 billion. The payments-focused XRP cryptocurrency held ahead of HYPE with bitcoin BTC, ether ETH and solana's SOL SOL leading the pack. HYPE's futures market leadership over DOGE and many other cryptocurrencies with bigger market values likely represents the growing popularity of purpose-built blockchain products. Hyperliquid is a decentralized exchange that focuses squarely on providing an on-chain perpetual futures market and is built on its own Layer 1 blockchain. Last week, Hyperliquid accounted for 60% of the total onchain perpetuals trading volume of $94.3 billion, according to data source @uwusanauwu's Dune-based tracker. The HYPE token is used for economic incentives, fee payments and decentralized governance, allowing holders to participate in the decision-making process. The protocol utilizes 97% of the trading fees collected from users to buy back HYPE, thereby constantly adding bullish pressure to the market. "92.78% of protocol (HyperCore) revenue goes to buying back HYPE on the open market — over $1B annually in buybacks," Hyperliquid Hub said on X. "Major firms and funds are actively adding HYPE to their portfolios and top-tier market makers from traditional finance are trading on HyperCore's CLOBs, creating the deepest liquidity in crypto." HYPE has chalked out over a four-gold rally to a record price of $44 in three months. The rally happened alongside a booming open interest and positive annualized funding rates, which surged to over 100% at one point, signaling strong demand for bullish leveraged bets.
Yahoo
13-06-2025
- Business
- Yahoo
Single Bitcoin Trader Loses $200M as Crypto Bulls See $1B Liquidations
Crypto bulls took a heavy beating on Thursday with over $1.15 billion in liquidations wiping out leveraged positions across major exchanges, marking one of the bloodiest days for crypto markets in recent months. The largest single liquidation was a bitcoin BTC long position on Binance, valued at $200 million, making it one of the biggest one-off losses in the year so far. It is unclear which trading firm or individual was behind that position, as exchanges don't make that data public. Data from Coinglass shows over 247,00 traders were liquidated in the 24-hour span. Long traders bore the brunt, accounting for over $1 billion in losses — reflecting overly optimistic positioning after a week of bullish sentiment fueled by Circle's high-profile IPO and a resurgence in U.S.-focused DeFi narratives. BTC lost more than 3% to trade at $104,700 in Asian afternoon hours, while ether ETH sunk 8% to $2,530. Tokens like solana's SOL SOL and dogecoin DOGE also slid over 8%, while XRP XRP fell to $2.20. Crypto exchanges Binance and Bybit accounted for more than $834 million in liquidated trades, the most among counterparts. Liquidations occur when traders use borrowed funds to bet on asset prices and fail to maintain a sufficient margin to cover their positions. Exchanges then forcibly close positions to prevent further losses, a built-in risk feature that often results in chain reactions during volatile moves.
Mint
13-06-2025
- Business
- Mint
Bitcoin prices slip over 3% as Israel-Iran conflict pushes investors away from riskier assets; Ether down 9%
Bitcoin prices fell 3% on Friday, in line with other cryptocurrencies after Israel launched airstrikes on Iran in a major escalation in the Middle East geopolitical tensions. The largest digital asset, Bitcoin prices slipped as much as 3% to around $103,000 before paring losses, according to data on CoinMarketCap. The second largest cryptocurrency. Ethereum prices also plunged over 9%. At 10:50 AM, Bitcoin price was trading 3.24% lower at $104,382.41, Ether prices traded 9.07% lower at $2,515.94, XRP was down 5.77% at $2.12, while Solana prices cracked 9.96% to $143.99. The selloff in Bitcoin prices and other cryptocurrencies came as investors moved to safe-haven assets after Israel launched airstrikes on Iran, targeting key nuclear and military sites. Risky assets witnessed heavy selloff on Friday, while safe-haven assets such as gold prices rallied amid growing geopolitical tensions and trade uncertainties. Crude oil prices also jumped more than 9%. 'The latest geopolitical escalation has injected fresh volatility into global markets, and crypto is no exception. Bitcoin has slipped below $104,000, reacting swiftly to the news of Israel's preemptive airstrikes on Iran. Ethereum and Solana also faced pressure, with SOL falling despite major DeFi development efforts. This kind of sharp, sentiment-driven correction underscores just how interconnected crypto has become with broader macro events,' said Avinash Shekhar, Co-Founder & CEO, Pi42. As capital moves cautiously, we're seeing a temporary pause in the recent bullish momentum. But it's important to note that underlying fundamentals remain strong, he added. Shekhar believes what we are witnessing is not a breakdown, but a reset and historically, such moments have often paved the way for more resilient growth ahead. Over $1 billion dollars' worth of long positions across all cryptocurrencies were liquidated in the past 24-hours, Bloomberg reported, quoting Coinglass data. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Khaleej Times
09-06-2025
- Business
- Khaleej Times
Investors keep close watch as bitcoin prices find support
As the crypto markets navigated a wave of cautious optimism on Monday after last week's selloff, investors are watching closely as the market shows signs of both resilience and short-term volatility. Bitcoin, the flagship cryptocurrency, is currently trading near $105,800, a sharp decline from its all-time high of $112,000. Despite the dip, the broader trend remains bullish. Bitcoin has broken out of a long-term descending wedge and is now moving within an upward channel, suggesting that the long-term momentum is still intact, analysts say. However, several bearish signals emerged last week. Bitcoin holders took over $23 billion in profits between Monday, June 2 and Thursday, June 5, according to Santiment data. The large positive spike in the network realized profit/loss metric corresponds to the dip in BTC price. Large volume profit-taking is typically associated with further correction in the token's price. Derivatives data from Coinglass shows over $305 million in long positions were liquidated in the last 24 hours, against $41 million in short positions. The long/short ratio, a metric that compares bullish bets against bearish ones, reads 0.91. A value less than one signals higher bearish bets, supporting a thesis of further price decline. 'If Bitcoin manages to hold above the $103K–$105K range, a retest of $112K seems likely, with a possible push toward $118K. On the flip side, a drop below $100K could shift sentiment more bearish, potentially dragging the price down to the $97K zone,' Ekta Mourya, crypto analysts at FXStreet, wrote. With a total market capitalisation hovering around $3.3 trillion, Ethereum and Solana are drawing increased institutional attention, particularly due to their roles in real-world asset tokenization and staking innovations. Technically, Bitcoin is in a consolidation phase. Indicators like the Relative Strength Index (RSI) have cooled off from overbought levels, and the Moving Average Convergence Divergence (MACD) is showing signs of weakening momentum on the daily chart. 'Key support levels lie at $103,000, $100,000, and $97,663, while resistance is expected around $112,000, with potential upside targets at $115,000 to $118,000 if bullish momentum resumes,' Mourya said. Bitcoin narrowly stayed above the $100,000 level as the online spat between Elon Musk and President Trump spilled over from traditional markets last week. In what had been a fairly muted week for cryptoasset price movements beforehand, as the 'feud' between Trump and Musk escalated on social media on Thursday, bitcoin then fell as much as 4% before finding some support at $100,400, said eToro crypto analyst Simon Peters. The BTC/USDT daily price chart shows the likelihood of a nearly four per cent correction and a retest of milestone $100,000, a key support level for the cryptocurrency, 'A nearly three per cent increase could see BTC test resistance at $106,794, the upper boundary of a Fair Value Gap (FVG) on the BTC/USDT daily price chart. In the event of further decline in Bitcoin price, $97,732 could act as support,' an analyst said. Looking forward to this week, inflation data in the form of CPI consumer price index and PPI producer price index could provide some volatility. Assets held in crypto funds hit a record high in May as easing trade tensions lifted risk appetite and some investors used the digital currencies to hedge against market volatility and diversify from their US holdings, Reuters reported. Morningstar data on 294 crypto funds shows they attracted $7.05 billion in net inflows last month, the highest since December, bringing total assets under management to a record $167 billion.
