Dogecoin Bulls See $60M Liquidations in Biggest Hit Since 2021
Over $400 million in crypto longs were liquidated in the past 24 hours as major tokens slid as much as 10%.
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Over $400 million in crypto longs were liquidated in the past 24 hours as major tokens slid as much as 10%.
Few catalysts to prop up markets in the near-term are likely weighing down token prices, one trader said.
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Persistent testing of the lows sets the bears up for quick success with their next target at $60,000, one trader said.
BlackRock’s IBIT was the only ETF posting a net inflow on Thursday, while most of the funds recorded outflows.
There is no evidence to show Tate sold tokens from his doxxed wallets, but some supposed “insider” buying activity before the token’s promotion on X shows too much of the token in too little hands.
Addresses tied to Curve founder Michael Egorov are borrowing nearly $100 million in various stablecoins against $140 million in curve tokens.
Grayscale’s GBTC saw $40 million in outflows, the most among its counterparts, while Bitwise’s BITB led inflows at $7.6 million.
A Solana meme parody of the actual company was down 25% in the past 24 hours, with steep losses across other meme tokens that tended to move in tandem with GameStop.
One trader expects ETH prices to hit $10,000 in 2024, a nearly 200% increase from current levels of $3,600.