#CEXvsDEX101 What's the Difference? Centralized Exchanges (CEX) like Binance operate like traditional banks - they hold your funds and facilitate trades through their infrastructure. Decentralized Exchanges (DEX) like Uniswap operate on blockchain networks where you retain custody of your funds.1 day ago
Bitcoin long-term holders ‘quietly capitalizing’ with drop to $109K
Bitcoin markets recently experienced two major liquidation events, causing a cascade of forced selling from over-leveraged traders, but analysts say a distinct pattern has emerged. “Overleveraged short-term traders were flushed out, long-term holders have been quietly capitalizing on the reset,” CryptoQuant analyst Amr Taha said on May 26. They noted the first flush occurred when Bitcoin BTC $109,776 fell below $111,000, and over $97 million in long positions were liquidated. As its price broke $109,000, another $88 million in longs were wiped out in the second wave.
However, as short-term traders faced margin calls and forced selling, long-term holders (LTH) responded very differently and increased their accumulation.
Ether price prediction
Ether’s
ETH
$2,476
pullback is finding support at the breakout level of
Ether price prediction Ether’s ETH $2,476 pullback is finding support at the breakout level of $2,550, signaling that every minor dip is being purchased.
If the price turns up from the current level and breaks above $2,750, the ETH/USDT pair could resume its up move. There is resistance at $2,860, but it is likely to be crossed. The pair could then climb to $3,000. The $2,400 level is the crucial support to watch out for on the downside. A break below it could sink the pair to the 20-day EMA ($2,225). If the price rebounds off the 20-day EMA, the bulls will again try to resume the up move.