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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Bitcoin fluctuated around $0.05 to $0.39 price level in 2010 and was mostly ignored by Wall Street and NYSE traders. They called it a passing fad that will have no value in the financial world, labelling it ‘magic internet money’. Not many dared to invest in cryptocurrency back then, as decentralized finance was a novice yet obscure concept. We cannot blame them either, as something new takes time to be accepted, especially if it’s finance-based; it takes longer to gain trust. Also Read: Bitcoin Will Replace USD As Global Reserve: Binance Founder CZ However, those who dared to invest in Bitcoin in 2010 have made millions and enjoy a life of financial freedom. The latecomers gained too, as BTC has soared over the years, making traders who did not take an entry position regret their choices. Post 2020, Wall Street and NYSE traders got into BTC, including trillion-dollar asset managers like BlackRock, VanEck, Fidelity, among others. The cryptocurrency is now a central par...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

A spike in upside liquidity suggests that Bitcoin (BTC) may be positioning for another short squeeze.  Trading above $116,506 at the time of writing, Bitcoin faces nearly $18 billion in leveraged short positions, with the heatmap showing a liquidation zone near $120,000, according to CoinGlass data gathered on August 7.  The chart below pinpoints the regions with the highest density of leveraged short positions and highlights the zones most prone to liquidation. More precisely, the steepening green curve on the right visualizes where short sellers face the greatest risk of being wiped out. BTC exchange liquidation map. Source: CoinGlass The data shows a sharp uptick in the curve just above the $119,000 level, after which a dense concentration of leveraged short positions clearly appears. What that means is that if Bitcoin begins to push toward that zone, we might see a chain reaction trapping late short sellers and potentially driving the price even higher...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...