Bitcoin Late Longs Wiped Out as Sub-$110K BTC Price Calls Grow Louder

Altcoins Continue to Bleed Out as Bitcoin Fights to Maintain $110K: Market Watch

Bitcoin’s price nosedived once again in the past 24 hours to a new multi-week low of under $109,000 before it recovered a small portion of the recent losses. The altcoins are in no better shape, with ETH dumping by over $550 since its latest all-time high and many others dropping by 5-6% daily again. BTC’s New Local Low The past several days have been quite volatile for the primary cryptocurrency. Its price was gradually declining for most of th…

ETH Pullback Joins BTC Sell-off in $1 Billion Wipeout as Treasuries Keep Buying the Dip

Key TakeawaysBTC slid under $110K for the first time in 47 days, triggering ~$895 million liquidations in 24h with over 92% of the liquidations long positions. ETH dropped ~7% from its ATH $4,955 to $4,415, wiping ~$266 million in long/short positions.Despite weakness, corporate/treasury bids remain active. Strategy added 3,081 BTC worth $343 million, Goldman Sachs made a $194 million purchase of BTC, Remixpoint acquired 41.5 BTC, Metaplanet add…

Bitcoin late longs wiped out as sub-$110K BTC price calls grow louder - WorldNL Magazine

Key takeaways:Bitcoin price is down 11% from its all-time high, dropping to $111,000 on Monday.$108,000 is a short-term target for the bears, with some BTC analysts predicting a drop to $95,000.Bitcoin (BTC) sellers emerged again on Monday as the drop to $111,000  resulted in a large liquidation of leveraged long positions across the cryptocurrency market.BTC/USD daily chart. Source: Cointelegraph/TradingViewBitcoin tumbles below $112,000, wipin…

Bitcoin Price Slips Below $110K, Is a Bigger Drop Coming?

Bitcoin price is gaining bearish momentum below $112,500. BTC is struggling to recover and might continue to move down toward the $105,500 level. Bitcoin started a fresh decline below the $112,000 zone. The price is trading below $112,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $112,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another inc…

Bitcoin late longs wiped out as sub-$110K BTC price calls grow louder – DG Verifications & Stats

Bitcoin leveraged positions grew over the past 24 hours, and many of these late longs have been wiped out as the BTC price dropped below $112,000. Market Analysis Key takeaways: Bitcoin price is down 11% from its all-time high, dropping to $111,000 on Monday. $108,000 is a short-term target for the bears, with some BTC analysts predicting a drop to $95,000. Bitcoin (BTC) sellers emerged again on Monday as the drop to $111,000  resulted in a la…

Bitcoin Price Drops Again — And Nope, It’s Still Not Because Of The Fed

The bitcoin price is yo-yoing around like a piñata. What is going on? Who shoved it? And what’s it to do with Powell, the Fed, the bitcoin treasury companies and, uh, just ordinary markets doing markets-y things?