Muhammad Ijaz Muhammad Shabbir
Frequent Trader
4.5 Years
I am ijaz, I'm a curious and driven individual with a passion for continuous learning.
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Here's the latest on Bitcoin (BTC) as of Friday, May 2, 2025:
📈 Market Overview
Current Price: $96,827
24h Change: +0.76%
Intraday High: $97,360
Intraday Low: $95,925
Bitcoin's market capitalization is approximately $1.93 trillion, with a 24-hour trading volume of $53.71 billion. The circulating supply stands at 19.81 million BTC.
$BTC
📈 Market Overview
Current Price: $96,827
24h Change: +0.76%
Intraday High: $97,360
Intraday Low: $95,925
Bitcoin's market capitalization is approximately $1.93 trillion, with a 24-hour trading volume of $53.71 billion. The circulating supply stands at 19.81 million BTC.
$BTC
🥇 Dogecoin (DOGE)
Market Cap: Approx $63.87 billion
Dogecoin is the original meme coin, featuring the iconic Shiba Inu dog. It has garnered significant attention, especially following endorsements from EM
$DOGE
Market Cap: Approx $63.87 billion
Dogecoin is the original meme coin, featuring the iconic Shiba Inu dog. It has garnered significant attention, especially following endorsements from EM
$DOGE
🟠 Bitcoin (BTC): Short Squeeze and Market Resistance
Bitcoin's recent rally, driven by a short squeeze, has seen its price surge above $97,000. This upward movement has faced resistance, and analysts are monitoring for potential breakouts or pullbacks. Despite the rally, market data indicates signs of profit-taking, suggesting a possible decline in the near term.
In the past week, short positions on Bitcoin have increased, with $550 million worth of short positions liquidated during a recent spike to $93,000. This indicates a shift in market sentiment, with traders adjusting their positions in response to price movements. $BTC
Bitcoin's recent rally, driven by a short squeeze, has seen its price surge above $97,000. This upward movement has faced resistance, and analysts are monitoring for potential breakouts or pullbacks. Despite the rally, market data indicates signs of profit-taking, suggesting a possible decline in the near term.
In the past week, short positions on Bitcoin have increased, with $550 million worth of short positions liquidated during a recent spike to $93,000. This indicates a shift in market sentiment, with traders adjusting their positions in response to price movements. $BTC
Ethereum (ETH): Surge in Short Positions
Ethereum has seen a significant rise in short positions, with a 40% increase in just one week and a 500% surge since November 2024. This indicates growing bearish sentiment among traders, with hedge funds betting on a continued decline in Ethereum's price. Analysts warn that such a high concentration of short positions could lead to a short squeeze if the price moves against these positions.
Despite institutional interest, including $2 billion in Ethereum ETF inflows in December 2024, Ethereum's price has struggled to gain momentum, underperforming compared to Bitcoin. Factors contributing to this include competition from alternative networks and a decline in NFT trading volumes.
$ETH
Ethereum has seen a significant rise in short positions, with a 40% increase in just one week and a 500% surge since November 2024. This indicates growing bearish sentiment among traders, with hedge funds betting on a continued decline in Ethereum's price. Analysts warn that such a high concentration of short positions could lead to a short squeeze if the price moves against these positions.
Despite institutional interest, including $2 billion in Ethereum ETF inflows in December 2024, Ethereum's price has struggled to gain momentum, underperforming compared to Bitcoin. Factors contributing to this include competition from alternative networks and a decline in NFT trading volumes.
$ETH
You can make serious money in the markets right now—
but you can also lose just as much.
Trade smart. Don’t force anything. Protect your capital. #trading #BitcoinWithTariffs
but you can also lose just as much.
Trade smart. Don’t force anything. Protect your capital. #trading #BitcoinWithTariffs
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