CoinGlass
Crypto Outlook as Market Braces for Spread of Israeli-Hamas War
Ongoing tensions in the Middle East could spill over to the crypto markets and cause a short-term decline in riskier assets such as bitcoin (BTC). This comes as crypto traders suffered over $100 million of losses from liquidations, according to CoinGlass data. First Mover host Lawrence Lewitinn and CoinDesk Chief Content Officer Michael J. Casey discuss their crypto markets outlook.
Crypto Traders Suffer Over $100M in Liquidation Losses as Market Rout Deepens Amid Middle East Turmoil
Ether (ETH) dropped near 4% Monday, while some altcoins endured even greater declines before reverting as rising geopolitical turmoil weighed on crypto markets.
Dogecoin Jumps Amid Hopes Token Plays Larger Role in X Platform Rebrand
Dogecoin (DOGE) rose for the second straight day as speculations of the memecoin playing a bigger role on the newly-rebranded X platform, fuelled the rally. Futures traders lost nearly $10 million betting on and against dogecoin’s price movements, Coinglass data shows. "The Hash" panel discusses the latest price action in the meme economy.
XRP Futures Notch Open Interest Record High for 2023: CoinGlass
Open interest on XRP-tracked futures climbed over $1.1 billion dollars in the last 24 hours and set a record high for the year, according to CoinGlass data. Higher open interest is a sign of increased bets on an asset and suggests an inflow of new money into a financial market. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."
Levered Bullish Longs Getting Liquidated as Bitcoin Market Softens
CoinGlass data shows that in the last 24 hours, $116.38 million worth of futures bets were liquidated, with $85.68 in bullish long positions
Sudden Crypto Volatility Spurs $216M in Losses, Liquidating Both Long and Short Positions
Cryptocurrency prices rose early Friday but then dropped sharply following a report that the SEC had deemed recent spot BTC filings inadequate.
Bitcoin Liquidations Spike as Crypto Exchanges Pull Back From Trading in U.S.
Data from Coinglass shows that bitcoin liquidations hit around $73 million in the past 24 hours as Jane Street Group and Jump Crypto are scaling back crypto trading in the U.S. The latest market updates and other news shaping the cryptocurrency world are in this episode of "The Daily Forkast."
Open Interest in Bitcoin Futures Reaches Yearly High of $12B: Coinglass Data
The dollar value locked in the number of open bitcoin (BTC) futures contracts is rising, signifying increased speculative interest in the market and potential for price volatility. Data from Coinglass shows that the nominal value of open interest has reached a yearly high of $12 billion, marking a 7% gain for the month. "The Hash" panel discusses what this means for the biggest cryptocurrency by market capitalization and the wider crypto market.
Open Interest in Bitcoin Futures Hits Yearly High of $12B
An uptick in open interest alongside a price rally is said to confirm an uptrend.
Crypto Traders Suffer Over $300M of Losses in Liquidations Amid Market Crash
The largest long liquidation in at least a month suggests Thursday’s crash in crypto prices has caught traders off-guard. Bitcoin traders suffered the most losses, some $112 million in the past 24 hours, while ether liquidations surpassed $73 million, per data from CoinGlass.
