BlackRock’s Bitcoin ETF sees record outflow as funds bleed $1.5B in 4 days

December 25, 2024 Coin Telegraph

blackrock

BlackRock's Bitcoin ETF saw a record outflow on Christmas Eve amid a four-trading day outflow streak from US Bitcoin funds.

BlackRock’s Bitcoin exchange-traded fund (ETF) saw its largest-ever single-day outflow as Bitcoin funds notched a fourth straight trading day of outflows totaling more than $1.5 billion.

BlackRock’s iShares Bitcoin Trust ETF (IBIT) hit $188.7 million in outflows on Dec. 24, surpassing its previous record of $72.7 million set on Dec. 20, per CoinGlass data.

All 12 United States-based spot Bitcoin (BTC) ETFs saw joint total outflows hit $338.4 million on Christmas Eve. Since Dec. 19, the funds have seen joint net outflows of $1.52 billion.

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Bitcoin dips to $93K wiping out $303M longs within minutes

December 5, 2024 Coin Telegraph

Bitcoin dips to K wiping out 3M longs within minutes

Coin Telegraph

On Dec. 5, Bitcoin retreated further from the psychologically crucial $100,000 level, briefly dipping below $93,000 and triggering a significant amount of long position liquidations.

A sudden dip in the price of Bitcoin wiped out $300 million of long positions in the market as its price fell 5.47% within minutes on Dec. 5, briefly falling just below $93,000.

Between 6:23 UTC and 6:28 UTC, Bitcoin (BTC) dropped from $98,338 to $92,957.

It has since rebounded to $96,624 at the time of publication, according to TradingView data.

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Crypto liquidations reach $470M as Bitcoin retraces, altcoins surge

November 24, 2024 Coin Telegraph

Crypto liquidations reach 0M as Bitcoin retraces, altcoins surge

Cardano

Dogecoin, XRP, Stellar and Sandbox saw a larger liquidation share than usual as some top altcoins from the 2020-2021 cycle soared as high as 50%.

Bitcoin retreated after failing to break the $100,000 milestone on Nov. 24, causing one of the largest weekend crypto liquidation events in over half a year.

Over $470 million worth of crypto positions were liquidated over the last 24 hours. Long and short liquidations comprised $352.6 million and $119.9 million, respectively, with altcoins accounting for the vast majority of wiped positions, CoinGlass data shows.

A total of $472.5 million in long and short positions were wiped over the last 24 hours as Bitcoin failed to cross $100,000. Source: CoinGlass

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Bitcoin Hits $64K Mark on Monday, Crypto Market Sees $200M in Liquidations

October 7, 2024 Bitcoin.com

Bitcoin

On Monday, Oct. 7, bitcoin (BTC) reached an intraday peak of $64,444, giving traders plenty to buzz about. By the end of Monday’s trading sessions, BTC had gained 2% against the U.S. dollar. The global crypto trading scene saw an impressive $92.617 billion in volume, with bitcoin grabbing a $29.85 billion slice of that pie. […]

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Ethereum trader sentiment needs small bump for ETH to see ‘parabolic rise’

September 13, 2024 Coin Telegraph

Burak Kesmeci

A crypto analyst is eyeing Ether’s funding rate rising above 0.015 to see if “the calm before the storm breaks.”

Ether trader sentiment needs a slight uptick to confirm an indicator signaling a possible significant price spike and a trajectory for the token that could put it on a bull rally.

“We will wait for Ether’s funding rate to rise above 0.015 to see if the calm before the storm breaks,” CryptoQuant contributor Burak Kesmeci wrote in a Sept. 12 note.

Ether’s (ETH) funding rate acts like a small market fee, aligning futures with spot prices and stabilizing perpetual contracts.

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US Bitcoin, Ethereum ETFs hit $6B volume amid market rout

August 6, 2024 Coin Telegraph

US Bitcoin, Ethereum ETFs hit B volume amid market rout

Bitcoin ETFs

Bitcoin sunk to under $50,000 at the start of US trading on Aug. 5, prompting a huge spike in trading volumes of crypto-related ETFs.

The United States Bitcoin and Ether ETFs recorded nearly $6 billion in trading volume amid market turmoil on Aug. 5.

According to data from CoinGlass, spot Bitcoin (BTC) ETFs registered a total daily volume of $5.24 billion on the day, with more than half coming from BlackRock’s iShares Bitcoin Trust (IBIT).

Spot Ether (ETH) ETFs recorded $715.3 million in trading volume, led mainly by Grayscale’s Ethereum Trust (ETHE) and BlackRock’s iShares Ethereum Trust (ETHA).

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Over $370,000,000 in Bitcoin, Ethereum and Altcoins Liquidated in 24 Hours As BTC Briefly Dives Below $57,000

July 4, 2024 The Daily Hodl

Altcoins

Options traders are seeing hundreds of millions of dollars worth of losses as Bitcoin (BTC) suddenly plummets below $57,000 and altcoins collapse. According to crypto data aggregator Coinglass, over $379 million in liquidations have occurred in the last 24 hours — nearly 90% of them from leveraged long positions. Binance, the world’s largest crypto exchange […]

The post Over $370,000,000 in Bitcoin, Ethereum and Altcoins Liquidated in 24 Hours As BTC Briefly Dives Below $57,000 appeared first on The Daily Hodl.

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2 key Bitcoin indicators have ‘cooled off’ — Why it could be bullish

May 8, 2024 Coin Telegraph

Coin Telegraph

The Bitcoin funding rate and 3-month annualized basis rates are moving to levels that signal to traders it may just be the “calm before the storm.”

Two key Bitcoin (BTC) trading indicators — funding rate and 3-month annualized basis rate — could suggest the price is on track to go upwards soon, according to a crypto analyst.

“Looks like we’re consolidating before the next leg up,” Reflexivity Research co-founder Will Clemente wrote in a May 7 post on X, explaining that both Bitcoin’s funding rate and Basis rate have “cooled off” after briefly reaching negative readings.

Bitcoin’s funding rate is often used to track overall trader sentiment for the cryptocurrency market. Exchanges use this rate to balance out traders entering long positions with those opting for short positions to mitigate the risk of overexposure.

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‘Pretty ordinary stuff’ — Traders seem unfazed by Bitcoin correction

May 1, 2024 Coin Telegraph

Ben Simpson

Crypto traders are stressing that the Bitcoin price correction is “exactly what the cycle needs” right now.

Bitcoin (BTC) has declined approximately 20% over the past three months, but crypto traders are unfazed by the decline, claiming it is just a routine correction in the market cycle.

“This is the 4th 20% correction in BTC in 12 months...pretty ordinary stuff,” CEO of Real Vision Raoul Pal stated in an April 30 post on X — comparing its current price level to when Bitcoin hit its all-time high of $75,830 on March 14.

“This is exactly what the cycle needs to resynchronize with historical price norms and the traditional Halving Cycle,” pseudonymous crypto trader Rekt Capital wrote in a post on the same day.

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Curve Founder Michael Egorov Faced Liquidation Amid Weekend Altcoin Crash: Report

April 15, 2024 The Daily Hodl

Altcoins

The founder of the decentralized finance (DeFi) protocol Curve (CRV) reportedly stared at the prospect of getting liquidated as the altcoin market collapsed during the weekend. According to crypto reporter Colin Wu, Curve founder Michael Egorov faced liquidation in his lending positions after Curve’s native asset dipped to $0.42. “Curve founder Michael Egorov also faced […]

The post Curve Founder Michael Egorov Faced Liquidation Amid Weekend Altcoin Crash: Report appeared first on The Daily Hodl.

coinglass