Over $202M in Short Bitcoin, Ethereum Positions Liquidated Amid Bullish Move
With Bitcoin and Ethereum enjoying hefty gains after the latest rate hike, traders shorting the leading cryptocurrencies were caught out.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Fed Rate Hike Odds Reach Near-Certainty as Bitcoin Price Falls to $65K
Federal Reserve interest rate expectations have taken a decidedly hawkish turn, with CME Fedwatch assigning a near-guaranteed prob...
Bitcoin Price Today: Negative Funding Rates Signal Growing Bearish Bets as BTC Nears $68K
The latest data presents a mixed picture, however, as Hyperliquid whales have returned to net-long positions despite deteriorating...
U.S. Wholesale Inflation Hits 6.5%—What It Means for Bitcoin’s Next Move
Bitcoin’s inflation problem has a fresh complication. U.S. wholesale prices rose 6.5% over the year to October, their fastest annu...
Bitcoin Slides Toward $63,000 as Weekend Selling Tests Market Confidence
Bitcoin's latest decline is testing something more important than a round-number price level: whether buyers have enough convictio...
Bitcoin slides to four-month low as $1.9 billion liquidation wave accelerates
Bitcoin fell to about $63,311 as $1.9 billion in leveraged positions were liquidated in 24 hours, with ETF outflows and rate fears...
Strategy’s Bitcoin Cost Gap Widens to $7.7 Billion
Bitcoin’s fall below $67,000 deepened the shortfall against Strategy’s purchase cost. That threshold does not itself trigger a mar...