Will Bitcoin hold $60K? Leverage shakeout ‘close to complete,’ data suggests
8% daily losses are painful for longs but no problem for still-bullish analysts.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
8% daily losses are painful for longs but no problem for still-bullish analysts.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
XRP cleaned out leverage, now ETF demand has to prove itself
XRP’s late-June washout removed a major source of market instability: excess leverage that could have turned another sharp move in...
Bitcoin’s ETF comeback is relying on a $79B futures market betting the rebound holds
Bitcoin’s rebound above $63,000 is being helped by renewed ETF inflows, but the harder test will now be whether the liquidity bene...
Bull Bitcoin Files Landmark Legal Challenge to Annul France’s DAC8 Crypto Data Surveillance Rules
Bitcoin Magazine Bull Bitcoin Files Landmark Legal Challenge to Annul France’s DAC8 Crypto Data Surveillance Rules Bull Bitcoin ex...
Bitcoin ETF Inflows Return As Farside Data Shows Institutions Still Buying The Dip
Bitcoin’s supply headlines have been loud, but ETF flow data is giving bulls something to point to. Farside’s numbers show a $143...
XRP Reclaims A Key Support Zone As Traders Watch Open Interest Build
XRP has moved back into a zone traders are watching closely, with the $0.50 area acting as the line that decides whether the lates...
Cardano Price Prediction: ADA Pulls Back to $0.17 After a Strong Weekly Rally as Bulls Watch $0.20 and $0.22 Reclaim
Cardano price is trading near $0.17 after a weaker 24-hour session, according to Brave New Coin data. ADA is down around 4.84% on...