The sudden price gyrations wiped out over $460 million in long positions and $220 million in shorts, across futures tracking majors like ether (ETH), solana (SOL), and dogecoin (DOGE).
Forced liquidations, hidden contracts, and backchannel deals are prompting a rethink in how liquidity is structured — and who gets trusted.
Ether's recent price rally is driven by short covering rather than new bullish bets, CF Benchmarks' Sui Chung said.
Several on-chain metrics are pointing toward waning momentum as bitcoin attempts to reach its January record just above $109,000.
AI-assisted technical analysis data suggests prices could reach $2.85 in just over two weeks.
The event throws into question the perceived heightened accuracy of betting markets like Poymarket over conventional polls.
Top altcoins are mimicking BTC's late April bullish breakout that set the stage for a rally to $100,000.
Several factors suggest the $100K breakout may not be a smooth ride.
Holding rates steady, the U.S. central bank took note of the possibility of higher inflation and unemployment.
Key bearish indicators recently trapped bears on the wrong side of the market in a pattern observed in August-September 2024.
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