📈 Over $200 million worth of crypto shorts have been liquid | TopCryptoNews on Binance Square

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📈 Over $200 million worth of crypto shorts have been liquidated in the past 24 hours.
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🔹Ethereum Breaks Through $4100 Ethereum starts Saturday by breaking the $4100 level, the highest level since December 2021. Only 17% remains until a new ATH. In the last 60 minutes, $110,000,000 worth of ETH short positions were liquidated. 🐋 In the past month, whales have bought more than 1.80 million Ethereum. Since more than 36 million coins are currently staked, the increase in demand causes a shortage, which affects the price growth. 🗣 Today Eric Trump wrote: Smiling seeing ETH short positions burst today. Stop betting against BTC and ETH — you will be crushed. 🔼 The largest inflows into ETFs since July: ETH received a net inflow of $461 million yesterday, while BTC ETFs recorded $403 million. #ETH #Ethereum

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📈 Aptos' APT Rises 7% as Bulls Take Control Aptos' APT registered a 7% surge during the last 24 hours, advancing from $4.34 to $4.62, according to CoinDesk Research's technical analysis model. The model showed that Aptos demonstrated considerable bullish momentum throughout the preceding 24-hour period. The most significant price action materialised during the nocturnal hours extending into the early morning of August 8, wherein exceptional volume surges exceeding 12.9 million units propelled the asset through successive resistance levels, establishing fresh support foundations within the $4.61-$4.66 corridor, according to the model. Resistance has emerged at $4.72 Aptos has surpassed Solana and Stellar in real-world asset (RWA) tokenization, securing third position globally with more than $719 million in RWA total value locked. The rally in APT came as the wider crypto market also rose, with the broader market gauge, the Coindesk 20, recently up 3.2%. In recent trading, Aptos was 7% higher over 24 hours, trading around $4.62. Technical Analysis: 🔸 24-hour price range of $0.44 encompassing a 9.4% range, with a high at $4.72. 🔸Volume surges exceeding 12.9 million units during nocturnal hours extending into early morning of Aug. 8. 🔸 Support zone established at $4.61-$4.66 with robust institutional accumulation at $4.36. 🔸 Resistance threshold confirmed at $4.72 with substantial volume-driven rejection pattern. 🔸 Ascending trough formations suggest continued upward pressure towards $4.80-$4.90 Fibonacci levels. 🔸 Terminal hour reversal with 126,000+ volume surge confirming institutional distribution activity. #APT #Aptos

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🔵 Ethereum Cracks $4,000 for First Time in 8 Months Ethereum's price touched $4,000 per coin on Friday for the first time since last December on a number of top exchanges, as transactions on the blockchain surged amid a more favorable environment for the asset and wider crypto markets. The second biggest digital coin in existence was recently trading just below that level, according to crypto data provider CoinGecko, after jumping 4% over a 24-hour period. It hit the $4,000 mark at about 9 a.m. New York time on America's biggest crypto exchange Coinbase. The gains far outplaced Bitcoin, the largest cryptocurrency by market value, which was up just a few ticks of a percentage point from Thursday, same time, to trade at about $116,600. But it fell short of XRP's 7.6% gains. Solana and other major altcoins were more modestly in the green. The coin is still 18% below its all-time high of $4,878 that it hit in 2021. But over a 30-day period, the coin has rallied by over 50% over a 30-day period as Ethereum treasuries have mushroomed. Peter Thiel-backed Bitcoin miner BitMine Immersion and marketing firm SharpLink Gaming have accumulated $2.9 billion and $1.9 billion of ETH respectively since embarking on this strategy and are intent on adding more to their holdings. These Ethereum treasuries are following a model pioneered by Strategy—formerly MicroStrategy—which shifted from software development to buying Bitcoin in 2020 after years of struggling and low share prices. Strategy now holds 628,791 BTC worth over $72 billion. Trading activity on the Ethereum network has also risen amid increased staking as investors have grown more upbeat about its potential uses but also from recent regulatory decisions that have been favorable to the crypto industry. A Myriad Linea Markets table showed that 76% of participants believed that Ethereum transactions would exceed 12 million for the week-long period ending August 10. #ETH #Ethereum

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🔵 Cardano ($ADA ) Creates Golden Cross Pattern, $1 Next? Cardano, the 10th largest cryptocurrency by market capitalization, has created a golden cross pattern for the first time in August. This bullish pattern occurs when the short term moving average, typically the 50 period SMA, crosses above the longer term, usually the long-term moving average (the 200 period SMA). The 50-hour SMA crossed above the 200-hour SMA, confirming a golden cross on the hourly chart, indicating that short-term selling pressure is waning. August began on a shaky note for Cardano, with its price hitting a low of $0.684 on Aug. 2 following a six drop, which spanned from July's close. Amid the sell-off, Cardano registered a bearish death cross on its four-hour chart, a pattern which occurs when 50 period SMA falls below the 200 period SMA. At press time, #ADA was up 5.73% in the last 24 hours to $0.80 as the broader crypto market extended its rally early Friday on optimism that Bitcoin, and other digital assets could soon come to 401(k) retirement plans. 🔸 Cardano to $1 next? Amid the recent surge on the crypto market, eyes are on Cardano to see if it would once again reach the $1 level it last attained in early March this year. #Cardano skyrocketed to a high of $1.19 on March 2 following the initial announcement of a crypto strategic reserve. Bulls attempted to repeat the same feat last month but stopped short at a high of $0.935 on July 21. The recent Cardano recovery reached a high of $0.803 early today, with the daily SMA 200 — a critical level to gauge price momentum — currently at $0.7245, now well surpassed. The next resistance levels en route to $1 lie next at $0.86 and $0.94. In positive fundamentals, Cardano’s core development team, Input Output (IO), recently secured approval for a $71 million treasury allocation to fund 12 months of network upgrades. Key projects include Hydra and Project Acropolis, with such implementations expected to increase developer activity and new use cases on the Cardano network, contributing to demand for ADA.

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🚀 The crypto is overwhelmed by FOMO - $ 160,000 are waiting After Bitcoin overcame $ 116,600, a wave of forecasts exploded in social networks with the targets of $ 130K - $ 160K. Santiment has recorded record optimism since July, but recalls: such moods often turned into a fall. #BTC #Bitcoin

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