Bitcoin Hits 40-Day High As US-Iran Tensions Trigger $113M In Short Liquidations
A potential US military strike on Iran’s main oil export terminal helped push Bitcoin to its highest price in over a month Monday, as traders poured money into crypto while pulling back from stocks. Squeeze At The Top Reports show Bitcoin jumped from roughly $72,400 to $74,320 in under 30 minutes — a move sharp…
Risk Runs Hot: Massive Crypto Liquidation Wave Slams Traders Overnight
A sharp rise in crypto liquidations is sending a louder message of how some traders are using more leverage in recent months. Average daily wipeouts have jumped from roughly $28 million in long bets and $15 million in shorts during the last cycle to about $68 million long and $45 million short in the current…
Bitcoin Futures Liquidation Forms Local Price Bottom — A Return To $65,000 Inevitable?
The price of Bitcoin hasn’t quite started the month as widely expected, falling to around the $60,000 mark on Thursday, October 3rd. This bearish pressure is believed to have been triggered by the escalating tension in the Middle East after Iran fired missiles into Israel. However, the premier cryptocurrency seems to be making a turnaround…