New all-time highs in short liquidations — at least when measured in dollars — point to overly bearish market sentiment.
Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
Ethereum sets record ETH short liquidations wiping out $500 billion in 2 days
Ethereum (ETH) is setting liquidation records this week as a comparatively modest price uptick reveals how bearish the market has become.
Data from on-chain analytics platform CryptoQuant confirmed that U.S. dollar-denominated short liquidations hit a new all-time high on Oct. 25.
Two days, half a billion dollars of ETH shorts
It is not just Bitcoin (BTC) causing bears severe pain this week — data from exchanges also shows that Ethereum shorters have suffered heavy losses.
ETH/USD delivered fairly impressive gains on Oct. 25-26, rising from lows of $1,337 to highs of $1,593 on Bitstamp before retracing, according to data from Cointelegraph Markets Pro and TradingView.
ETH/USD 1-day candle chart (Bitstamp). Source: TradingViewWhile nothing unusual for crypto and for altcoins in particular, the market changes triggered by the price action stood out.
Ethereum sets record ETH short liquidations wiping out $500 billion in 2 days
New all-time highs in short liquidations — at least when measured in dollars — point to overly bearish market sentiment.
Ethereum sets record ETH short liquidations, wiping out $500 billion in 2 days
Ether (ETH) is setting liquidation records this week as a comparatively modest price uptick reveals how bearish the market has become.
Data from on-chain analytics platform CryptoQuant confirmed that United States dollar-denominated short liquidations hit a new all-time high on Oct. 25.
Two days, half a billion dollars of ETH shorts
It is not just Bitcoin (BTC) causing the bears severe pain this week — data from exchanges also shows that Ethereum shorters have suffered heavy losses.
ETH/USD delivered fairly impressive gains on Oct. 25-26, rising from lows of $1,337 to highs of $1,593 on Bitstamp before retracing, according to data from Cointelegraph Markets Pro and TradingView.
ETH/USD 1-day candle chart (Bitstamp). Source: TradingViewWhile nothing unusual for crypto and for altcoins, in particular, the market changes triggered by the price action stood out.
October sees lowest-ever daily trading volume for crypto products: Report
Despite the bad numbers of daily trading, there are some signs of market revival, at least for Bitcoin-based products.
October sees lowest-ever daily trading volume for crypto products: Report
Despite the bad numbers of daily trading, there are some signs of market revival, at least for Bitcoin-based products.
Bitcoin weak hands 'mostly gone' as BTC ignores Amazon, Meta stock dip
Huge tech stock losses, mostly occurring after the Wall Street close, fail to show up in Bitcoin price weakness.
Bitcoin weak hands ‘mostly gone’ as BTC ignores Amazon, Meta stock dip
Bitcoin (BTC) is decoupling from big tech as disappointing earnings fail to spark any major BTC price losses.
Economic data for Q3, 2022, saw heavy losses for some tech stocks, but BTC/USD avoided a chain reaction.
Bitcoin hodlers shrug off Q3 tech results
The largest cryptocurrency shed around $800 over Oct. 27, or 3.8%, after hitting its highest levels in six weeks.
At the time of writing, Bitcoin was still around $20,200, offering more consolidatory trading behavior than a major correction.
The same was not true of tech stocks — these were led by a dramatic 20% rout in Amazon during out-of-hours trading thanks to missed earnings targets. Amazon’s market cap sealed the biggest such post-close drop in history, at over $230 billion.
Web3 sees 15 new scam smart contracts an hour: Solidus Labs
Solidus Labs, which has been monitoring 12 leading blockchains, has detected a majority of scam-like tokens originating from Binance’s BNB Chain.
CFTC commissioner compares crypto contagion risk to 2008 financial crisis
The commissioner warnes that vulnerabilities seen within the crypto markets are similar to those seen during the global financial crisis and calls for the agency to be given additional authority.
THORChain network halted following software bug
The team stated that the next steps were to find the source of the non-determinism, release an update, and restart the state machine, but there have been no updates since.
TV streaming providers should start relying on NFTs
NFTs could change the way subscription services work by allowing users to sell or rent out their subscriptions when they don’t need them.
Solana-based protocol seeking to decentralize ride-sharing raises $9M
TRIP protocol enables ride-sharing companies and drivers to compete for riders, as blockchain enables disruption in existing markets.
Axelar partners with Polygon to deliver cross-chain communication to Polygon Supernets
The partnership seeks to enable Ethereum ecosystem developers to have access to functions and users on Axelar’s dozens of connected chains.
US currency comptroller to up its game with new Office of Financial Technology in 2023
The OCC said it will incorporate its six-year-old Office of Innovation into a new agency that will help it deepen its understanding of fintech and promote responsible innovation.
Team Finance exploited for $14.5M during protocol migration despite contract audit
Hackers appear to have spent as little as 1.76 Ether to initiate the attack vector.
Telegram launches marketplace to auction rare username handles
The popular messaging app launched a new marketplace on the TON blockchain, on which it plans to auction off rare user handles.
Google launches blockchain node engine for Web 3.0 developers
The service will simplify node infrastructure and onboarding for blockchain developers.
Why the battle for low or no transaction fees really matters
High transaction fees stand in the way of crypto achieving its full potential and being embraced by the masses — but it is possible to make transfers for free.
Why the battle for low or no transaction fees really matters
High transaction fees stand in the way of crypto achieving its full potential and being embraced by the masses — but it is possible to make transfers for free.