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Bitcoin risks new $114K plunge as 'predatory' traders squeeze BTC longs

Bitcoin's price analysis indicates a potential dip to $114,000 after witnessing a 4% decrease from its all-time high. Market participants are adjusting positions, leading to increased short-term volatility. Recent data show that Bitcoin consolidated following its high, but the lack of upward momentum raises concerns about further price retracements. Prominent traders highlight that the support levels are weak in the $121,000 to $120,000 range, suggesting possible rapid declines if selling intensifies. However, around $117,000, there exists a significant cluster of buyers, creating a more reliable floor. Analysts emphasize that a healthy demand may appear in this range, although the overall market shows mixed signals. Some anticipate a solid bounce near Bitcoin's 50-day moving average around the $120,000 mark. Overall, the prevailing sentiment indicates caution as traders navigate the market's fluctuations and liquidity changes.

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Ethereum Exit Queue Hits $10b Record: Selling Pressure Concerns?

Ethereum has seen a massive surge in its validator exit queue, reaching over 2.4 million Ether valued at approximately $10 billion. This unprecedented activity reflects the highest number of withdrawals since the launch of its proof-of-stake network, resulting in an extended wait time of more than 41 days for

Ethereum Exit Queue Hits $10B Record: Selling Pressure Concerns?

Ethereum’s validator exit queue has surged to over $10 billion, with more than 2.4 million Ether awaiting withdrawal. This record spike extends the queue time to over 41 days. While validators play a crucial role in adding new blocks and verifying transactions on the network, the massive amount

Wealth App Stratiphy Partners With 21Shares to Offer Crypto ETNs Under New UK Rules

Wealth management app Stratiphy has teamed up with 21Shares to provide retail investors in the UK access to crypto Exchange Traded Notes (ETNs) following new regulations by the Financial Conduct Authority (FCA). This partnership allows UK retail investors to purchase and hold regulated crypto products, a notable shift in the

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