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$567,390,000 in Liquidations Hits Crypto Markets As Analyst Warns of ‘Trouble Area’ for Altcoins

7,390,000 in Liquidations Hits Crypto Markets As Analyst Warns of ‘Trouble Area’ for Altcoins

Digital assets markets started off the week in the red after Bitcoin (BTC) lost the $100,000 level and fell to $97,470, dragging most altcoins into corrections as well. According to crypto data aggregator CoinGlass, there have been over $567 million in liquidations in the last 24 hours, most of them leveraged long positions in Bitcoin. […]

The post $567,390,000 in Liquidations Hits Crypto Markets As Analyst Warns of ‘Trouble Area’ for Altcoins appeared first on The Daily Hodl.

Bitcoin Technical Analysis: Bulls Eye $110K After All-Time High Breakout 

Analyst Says Bitcoin Making ‘All the Right Technical Steps’ As BTC Starts Week Off With Rallies

Analyst Says Bitcoin Making ‘All the Right Technical Steps’ As BTC Starts Week Off With Rallies

A widely followed cryptocurrency analyst and trader is saying that Bitcoin’s (BTC) technicals are suddenly looking bullish. The analyst pseudonymously known as Rekt Capital tells his 500,300 followers on the social media platform X that Bitcoin appears to be setting up for bigger moves to the upside. “Bitcoin is performing all the right technical steps […]

The post Analyst Says Bitcoin Making ‘All the Right Technical Steps’ As BTC Starts Week Off With Rallies appeared first on The Daily Hodl.

Bitcoin Technical Analysis: Bulls Eye $110K After All-Time High Breakout 

Classic Bitcoin Indicator Flashing ‘Bargain Opportunity’ Amid Market Fear, According to Crypto Analyst

Classic Bitcoin Indicator Flashing ‘Bargain Opportunity’ Amid Market Fear, According to Crypto Analyst

Pseudonymous analyst Rekt Capital says that one benchmark indicator is signaling that Bitcoin (BTC) is currently undervalued, with more upside to be captured. In a new video update, the analyst takes a look at the Pi Cycle top indicator, which has been used on Bitcoin for nearly a decade. The Pi Cycle top indicator uses […]

The post Classic Bitcoin Indicator Flashing ‘Bargain Opportunity’ Amid Market Fear, According to Crypto Analyst appeared first on The Daily Hodl.

Bitcoin Technical Analysis: Bulls Eye $110K After All-Time High Breakout 

Bearish Thesis for Bitcoin Nearly Invalidated As BTC Breaks $31,000, Says Crypto Analyst – Here’s Why

Bearish Thesis for Bitcoin Nearly Invalidated As BTC Breaks ,000, Says Crypto Analyst – Here’s Why

A widely followed crypto analyst says that if Bitcoin (BTC) convincingly breaks above a key level the king crypto would likely eliminate the risk of a macro bearish reversal. Pseudonymous crypto trader Rekt Capital tells his 361,000 followers on the social media platform X that BTC needs to remain above $31,000 to invalidate a bearish […]

The post Bearish Thesis for Bitcoin Nearly Invalidated As BTC Breaks $31,000, Says Crypto Analyst – Here’s Why appeared first on The Daily Hodl.

Bitcoin Technical Analysis: Bulls Eye $110K After All-Time High Breakout 

April’s crypto scams, exploits and hacks lead to $103M lost — CertiK

The month was particularly bad for exploits, with the amount lost accounting for half of the total crypto exploited so far in 2023.

Crypto exploits, exit scams, and flash loan attacks saw little signs of letting up in April, with more than $103 million of funds stolen from crypto projects and investors in the month. 

On April 30, crypto security and auditing firm CertiK posted an April roundup of crypto exploits, scams, and hacks, revealing total funds lost in April was $103.7 million, bringing the year-to-date total loss to $429.7 million.

The month was particularly marred with major crypto exploits, such as $25.4 million lost due to an exploit of several MEV trading bots on April 3, $22 million stolen in a hot wallet exploit at the Bitrue exchange and the hack of South Korean GDAC exchange leading to a loss of $13 million.

April 2023 crypto exploits. Source: CertiK

The total lost to crypto and DeFi exploits in the month amounted to $74.5 million, making up around half of the total $145 million exploited in the first four months of the year, according to CertiK.

The month also saw around $20 million lost to flash loan attacks, led mainly by Yearn Finance after a hacker exploited an old smart contract on April 13.

The blockchain security firm noted that total funds lost to exit scams reached $9.4 million in the month, with the top exit scam for the month being Merlin DEX which lost $2.7 million. On April 26, CertiK reported that it was investigating a “potential private key management issue” at the exchange.

Furthermore, the exit scam occurred after the protocol was audited by CertiK which warned about centralization issues. CertiK launched a compensation plan following the attack in which it urged the rogue developer to return 80% of the stolen funds with a 20% white hat bounty offered.

April 2023 crypto exit scams. Source: CertiK

Related: One crypto wallet launched 114 dodgy memecoins in two months

According to De.Fi’s Rekt Database, there were over 50 crypto exploits, scams, hacks, and rug pulls in April. Moreover, a large portion of them was memecoin rug pulls.

The most recent was the Polygon-based Ovix protocol which lost $2 million in a flash loan attack on April 28.

Magazine: US enforcement agencies are turning up the heat on crypto-related crime

Bitcoin Technical Analysis: Bulls Eye $110K After All-Time High Breakout 

Top Crypto Strategist Predicts Major Trend Shift for Bitcoin, Says BTC History Has Been Made

Top Crypto Strategist Predicts Major Trend Shift for Bitcoin, Says BTC History Has Been Made

A closely followed crypto strategist known for making long-term assessments on Bitcoin (BTC) believes that the king crypto has entered bull territory. Pseudonymous analyst Rekt tells his 341,800 Twitter followers that Bitcoin has concluded its 16-month long bear market after ending March on a high note. According to the crypto strategist, Bitcoin has managed to […]

The post Top Crypto Strategist Predicts Major Trend Shift for Bitcoin, Says BTC History Has Been Made appeared first on The Daily Hodl.

Bitcoin Technical Analysis: Bulls Eye $110K After All-Time High Breakout 

Top Analyst Says Bitcoin in the Calm Before the Storm, Predicts Big Breakout Through Long-Term Resistance

Top Analyst Says Bitcoin in the Calm Before the Storm, Predicts Big Breakout Through Long-Term Resistance

A closely followed crypto analyst says major technical signals are pointing towards a big breakout for Bitcoin (BTC). Pseudonymous analyst Rekt tells his 340,000 Twitter followers that BTC’s monthly candle has broken through a major resistance. According to Rekt, Bitcoin’s recent breakout looks similar to other moves in the past that historically preceded longer-term rallies. […]

The post Top Analyst Says Bitcoin in the Calm Before the Storm, Predicts Big Breakout Through Long-Term Resistance appeared first on The Daily Hodl.

Bitcoin Technical Analysis: Bulls Eye $110K After All-Time High Breakout 

Bitcoin’s Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges

Bitcoin’s Price Drop Causes Over 0 Million in Long Liquidations Across Crypto Derivative ExchangesOn Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline resulted in a significant $237.97 million worth of long liquidations on […]

Bitcoin Technical Analysis: Bulls Eye $110K After All-Time High Breakout 

Data Shows BSC Dapps Lost $167 Million Last Month From Flash Loan Attacks

Data Shows BSC Dapps Lost 7 Million Last Month From Flash Loan AttacksBinance Smart Chain (BSC) decentralized applications (dapps) have been hit with a number of flash loan attacks in recent weeks. According to collected data by Rekt, during the last 30 days BSC has lost a total of $167 million from these flash loan exploits. Flash Loan Hackers Prey on Binance Smart Chain Dapps – $167 […]

Bitcoin Technical Analysis: Bulls Eye $110K After All-Time High Breakout