beyoglu

"#Ethereum Faces $106.5M in Liquidations as Price Struggles Near Key Resistance Levels"

$ETH saw $106.52 million in futures liquidations in the past 24 hours, with $56.20 million in long positions and $50.32 million in short positions being liquidated as per CoinGlass data. After briefly surging above $2,600 on Wednesday, ETH was rejected near the 200-day SMA. The price is currently up 2%, with bulls aiming to sustain a move above $2,500. For the next directional shift, ETH needs a strong move either above $2,850 or below the $2,260 - $2,100 range, with potential for a rally toward $3,250 or a drop to $1,688, respectively.

#beyoglu

"Crypto Rally Triggers $500M in Liquidations, Fueled by Short Squeeze"

The data you're referencing highlights a significant event in the crypto market where a strong rally triggered a wave of liquidations, totaling over $500 million in leveraged positions within a 24-hour period after the #Bitcoin surge significantly. The fact that 62.61% of these liquidations were short positions is notable because it suggests that many traders were overly bearish on the market, expecting prices to fall. This kind of positioning is vulnerable to short squeezes, where prices rise quickly, forcing short positions to close, which in turn drives prices even higher.

The largest single liquidation, valued at $6.36 million on Bybit for a $BTC BTC position, shows the scale of the moves happening in the market. These liquidations often signal heightened volatility and can further fuel price rallies, as the forced buying from short-covering amplifies price movements.

This phenomenon of short squeezes is common in highly volatile markets like crypto, where prices can swing drastically due to changes in trader sentiment or macroeconomic factors. In this case, the market’s previous bearish sentiment might have made the rally even more pronounced as those trapped in short positions were forced to close out their trades.

#beyoglu

What are you trading in this bull market?

#beyoglu

hhhhhaahahahaha 😂😂😂😂

#beyoglu

Scam exchange #FTX , as part of an agreement with the CFTC, will pay $12.7 billion to creditors.

FTX's proposed reorganization plan would provide a 118% recovery rate for 98% of creditors.

#beyoglu

JUST IN: 🇺🇸 The US National Debt just broke $35 trillion for the first time in history 👀

#beyoglu

$BTC Technical Analysis

The bitcoin direction is very obvious now, Bitcoin might test 62200$-62300$ and later we may see it going for correction again for 59000$ support that might get break this time . If this support get breaks we will see bitcoin trading at 57000$.

Bitcoin might do weekly close near 60600$-60800$ and that the start of new may be turn red. If we talk about the these three red candle on weekly time frame it is the forming three black crows candle stick pattern that is highly bearish.

#beyoglu

$XRP

#XRP has come out with a LOT of promising news. Only thing holding it back is the outcome of their lawsuit. It is said that they will not have to pay SEC anything and say they don’t it should pump. Are any of you buying into XRP or own? Why or why not. Interesting in others perspectives

#beyoglu

Central Bank of #Nigeria (CBN) is set to launch a pilot program for a private, consortium-managed stablecoin called cNGN.

#NigeriaAcceptsCrypto #beyoglu

What are the next #memecoins coming out or which ones will explode?

I'm curious about investing in meme coins and I'd like to know which ones are coming out this year or which ones to invest in that you think will get super returns and explode.

#beyoglu

$ETH Technical Analysis update

#ETH hit the target before 2days ago, i mentioned in my previous analysis, it accurately hit the 3900$, Many Institution applied for Ethereum spot etf and fortunately there are only few process remaining in getting it approved.

#beyoglu

#Bitcoin    

Halving is done and yet, $BTC continues printing red candles.

A lot of folks are insecure, especially in light of the geopolitical and macroeconomic situation

Let's take a look at some charts and indicators.

#beyoglu

JUST IN: Total spot Bitcoin ETF trading volume surpasses $2.1 billion today.

#beyoglu

Don't panic sell $BTC is still bullish 💸🔥

#beyoglu

BREAKING: 🇺🇸 STARTING TOMORROW THE US WILL START $30 BILLION PER MONTH TREASURY BUY BACKS 👀

#beyoglu

BREAKING: 🟠 Bitcoin miner Marathon to raise $250m to buy more Bitcoin 🔥

They bought $100m in July and currently HODL 20,000 $BTC

#beyoglu

#Bitcoin Technical Analysis

Bitcoin has been consolidating in a Descending Broadening Wedge pattern since March 2024.

Bitcoin is bouncing back nicely after the August 5th crash and is now heading towards the $69-70k resistance area.

$BTC bulls need to clear the $69-70k crucial resistance area to confirm the wedge upside breakout. Once the breakout is confirmed, I'm expecting a 15-20% bullish rally in Q4.

The market might remain slow before the breakout or until it passes 64k$ resistance.

you can make multiple trades in this descending broadening wedge pattern, it is this best opportunity for the future traders to make trades in both direction and make handsome money.

Let me make one thing clear: the damage is done, and Bitcoin has already bottomed out.

Markets will likely remain sideways for the next 2 weeks, and then we could see a massive bullish rally, possibly around mid-September.

#beyoglu

#NFT​ are now security .

#beyoglu #Sec

Profitable Weekend 🔥💸🚀

#beyoglu

What an amazing super bullish profitable day.

#beyoglu