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May is a new month, new campaigns, new currencies and new special rewards. 😍 apply
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🚨😱⚡️ Biggest Wipe Out Since 2021: 190,000 Traders Liquidated as BTC Hits $100,000 ‼️DONT MISS ‼️ Bitcoin surged past $100,000, triggering $970 million in liquidations, mostly from short positions the biggest wipeout since 2021. Traders rapidly shifted to long positions, raising risks of a $2 billion+ long squeeze if Bitcoin drops below $100,000. Futures Open Interest hit a record $67.4 billion, signaling high leverage optimism but also increasing the chance of a market correction. ⭐️ Quick Take: Historically, every time Bitcoin’s OI has surpassed $65 billion, a market correction has followed shortly after. Bitcoin is now making headlines not just for surpassing $100,000, but also for its rising influence in global finance. At one point, Bitcoin even surpassed Amazon to become the fifth largest asset in the world, with a market capitalization of $2.05 trillion. Meanwhile, Standard Chartered predicts Bitcoin could soon break its all time high and reach $120,000 in Q2. $BTC
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Ethereum (ETH) is exhibiting strong bullish momentum today, with the price currently around $2,411.77. This surge follows a significant 20% increase in the past 24 hours, marking the largest single-day gain this year. The rally is fueled by over $265 million in short liquidations and a 184% spike in futures volume, indicating robust buying interest and potential for further upside. 📈 Intraday Trading Strategy (May 10, 2025) Current Price: ~$2,411.77 Trend: Strongly Bullish Entry Point Pullback Entry: Consider entering around $2,350–$2,370 if the price retraces to this support zone. Breakout Entry: Alternatively, a breakout above $2,450 could signal continuation of the uptrend. 🔹 Stop-Loss (SL) Pullback Entry SL: Place a stop-loss below $2,300 to manage risk in case of a deeper correction. Breakout Entry SL: For breakout entries, a stop-loss around $2,400 can help protect against false breakouts. Take-Profit (TP) Targets TP1: $2,500 — aligns with the next significant resistance level. TP2: $2,550 — potential extension if bullish momentum persists. Risk-Reward Ratio: Aiming for a minimum of 2:1 to ensure favorable trade dynamics. $ETH
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$XRP Another factor that triggered the XRP price upwards is the developments on the exchange-traded funds (ETF) side, which will allow institutional investors to buy XRP without any cryptocurrency exchange. Indeed, it is known that many giant companies that are currently issuing spot Bitcoin ETFs are knocking on the door of the US Securities and Exchange Commission (SEC) for XRP. There are new developments regarding the launch of XRP as an ETF. According to the application made to the SEC by ETF issuer company ProShares, XRP's products with up to 2x leverage will meet investors in the traditional market. The new products green-lighted by the SEC include the Ultra XRP ETF, Short XRP ETF and Ultra Short XRP ETF. Analysts' expectation of approval is 80 percent
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