Mass Liquidations Bitcoin’s recent surge above $67,000 triggered nearly $300 million in liquidations. Over 86,000 traders faced losses, with Binance alone accounting for $128.7 million. Short positions (bets against the market) were the hardest hit, making up 57.55% of the liquidations. Bitcoin’s Recovery Despite a recent dip, Bitcoin has recovered, increasing its value by 6%…
Crypto analyst Michaël van de Poppe has analyzed the digital asset markets following Bitcoin’s recent surge. Bitcoin According to van de Poppe, Bitcoin’s latest rebound will continue its upward trend. He predicts consolidation followed by another run towards its pre-halving all-time high. Chainlink (LINK) Van de Poppe believes Chainlink is poised for further growth. He…
Bullish Sentiment Fuels Predictions Crypto expert Michaël van de Poppe believes Bitcoin could reach $500,000 in the long term. He cites the “overly bullish sentiment” as a major factor supporting this prediction. Corrections Along the Way Van de Poppe acknowledges that “corrections will happen and they will be rough” on the road to $500,000. However,…
Former FTX Execs Invest in Bankruptcy Claims Former FTX customers, who lost funds in the exchange’s collapse, have found a way to potentially make a profit. Led by Louis d’Origny and Ramnik Arora, they have created a platform called FTX Creditor to buy bankruptcy claims from other customers. Lucrative Investment Opportunity D’Origny recognized the opportunity…
Despite the recent dip in Bitcoin’s price, Ki Young Ju, CEO of Crypto Quant, believes the bull market is far from over. Bullish Indicators Ju points to the percentage of Bitcoin’s Realized Cap across different age bands, which shows a positive outlook for 2024. He also credits the success of Spot Bitcoin ETFs as the…
Crypto Loot Fuels Foreign Earnings A UN investigation has revealed that North Korea has been using cyberattacks on crypto companies to earn foreign currency. These attacks have reportedly generated around 50% of the country’s foreign earnings, which are used to fund weapons development. Adapting to Changing Cyber Landscape Despite a decline in the value of…
Alleged Link to Lazarus Group A social media user claims that North Korean hackers linked to the Lazarus Group transferred 1 ETH to BlackRock, a major asset management firm. The hackers allegedly used the Tornado Cash mixer to obscure the transaction. Tornado Cash Under Scrutiny Tornado Cash has faced scrutiny from US regulators for its…
OKX, a major crypto exchange, has announced it’s closing down in India. The move comes after regulatory issues in the country. Users Must Withdraw Funds OKX has asked users to: Close all margin positions Redeem staking funds Withdraw all account funds After April 30, 2024, account access will be limited, but withdrawals will still be…
Market Volatility Expected Crypto analytics firm Glassnode predicts that Bitcoin (BTC) is entering a period of price volatility and correction after a significant rally this year. Key Indicators Point to Correction Glassnode cites two key indicators: Market-Value-to-Realized-Value (MVRV) Indicator: This ratio suggests that Bitcoin may be overvalued. Active-Value-to-Investor-Value (AVIV) Ratio: This metric indicates that a…
Analyst Bluntz has predicted that the Solana-based altcoin Myro (MYRO) is set for a major surge. Despite a recent correction, Bluntz believes MYRO is poised to reach a new all-time high of $0.55, representing a potential 163% increase from its current price. Bluntz bases his prediction on the Elliott Wave theory, which suggests that MYRO…
