Bitcoin is approaching pivotal price zones that could unleash significant liquidation activity across major centralized exchanges. Recent derivatives data indicates that if Bitcoin climbs above $72,000, short positions worth approximately $474 million could face liquidation pressure. Such a move would likely intensify upside volatility as forced buybacks accelerate momentum. Market positioning shows a concentrated build-up of short contracts around the $72,000 level. When price breaches a heavily shorted resistance zone, traders holding bearish positions are compelled to close, creating a cascade of buy orders. This chain reaction often amplifies price movement beyond the initial breakout level. Liquidation heatmaps reflect the…
Author: Blockto Team
BNB is edging lower, with price action drifting toward the critical $570 support zone. This level has emerged as a decisive area for short-term direction, as sustained weakness could reshape the broader trend. BNB Technical Analysis and Support Breakdown Risk A confirmed move below $570 would likely signal the start of another downward phase, exposing the psychological $500 mark as the next major target. Such a development could reinforce bearish sentiment in the near term. However, momentum indicators suggest sellers may be overstretched. The relative strength index has slipped into oversold territory, raising the possibility of a short-term rebound. If…
Hyperliquid (HYPE) is showing early signs of stabilization after reclaiming the 20-day exponential moving average at $30.18. The recovery suggests dip-buying interest, though momentum remains balanced as the indicator flattens and the RSI hovers slightly above the midpoint. HYPE Technical Analysis and Key Resistance Levels For bullish momentum to strengthen, HYPE must secure a decisive move above $35.50. A confirmed breakout at this level would indicate that the recent corrective phase may be ending, potentially clearing the path toward the $44 resistance zone. On the downside, risk remains if the price slips beneath the 50-day simple moving average at $27.25.…
Asset manager Yorkville America Equities has filed registration statements with the U.S. Securities and Exchange Commission to launch two new cryptocurrency exchange-traded funds under the Truth Social brand, deepening the platform’s push into digital asset investing. The proposed products include the Truth Social Bitcoin and Ether ETF, offering exposure to Bitcoin and Ethereum, and the Truth Social Cronos Yield Maximizer ETF, which would invest in and stake Cronos tokens. Cronos Staking ETF Aims to Deliver Yield The Cronos-focused fund stands out for its staking component. By participating in network validation on the Cronos blockchain, the ETF would seek to generate…
Blockchain-based lending firm Figure Technology has suffered a data breach that exposed sensitive customer information following a social engineering attack targeting one of its employees. According to company statements, attackers gained access to a limited number of internal files after manipulating an employee. The firm has begun notifying affected individuals and is offering complimentary credit-monitoring services to customers who receive breach alerts. However, the total number of impacted users and the exact timeline of the intrusion have not been publicly disclosed. ShinyHunters Claims Responsibility for Figure Technology Hack The hacking group ShinyHunters claimed responsibility for the incident, alleging that the…
Dogecoin (DOGE) is attempting to stabilize near the $0.09 support level, but selling pressure remains strong as bears continue to offload positions on minor rallies. The current price action suggests that traders are closely watching whether bulls can defend this critical zone or if further downside is ahead. If DOGE fails to hold $0.09 and closes below this level, the DOGE/USDT pair could slide toward the next support at $0.08. This level is considered a key defensive line for buyers. A decisive breakdown below $0.08 may accelerate the downtrend, potentially pushing the price toward $0.06, a level not seen in…
ARK Invest has reversed course on Coinbase, purchasing roughly $15.2 million worth of shares just days after trimming its position by more than $39 million. The Cathie Wood-led firm added 66,545 Coinbase shares through the ARK Innovation ETF (ARKK), 16,832 shares via the ARK Next Generation Internet ETF (ARKW) and 9,477 shares through the ARK Fintech Innovation ETF (ARKF), according to daily trade disclosures. Coinbase Stock Jumps 16% on Renewed Buying The purchases coincided with a sharp rally in Coinbase stock, which closed at $164.32, up approximately 16.4% on the session. The rebound followed a period of pressure that had…
Bitcoin’s so-called “ultimate” bear market bottom may form around $55,000, according to analysis from CryptoQuant. The firm argues that major cycle lows typically take months to develop rather than emerging from a single capitulation event. The key reference point is Bitcoin’s realized price — a metric reflecting the average cost basis of all coins in circulation. Historically, this level has acted as strong support during bear markets. Bitcoin is currently trading more than 25% above that threshold. In previous downturns, prices fell 24% below realized price after the FTX collapse and about 30% below it during the 2018 cycle before…
The memecoin sector has shed roughly 34% of its total market capitalization over the past month, falling to about $31 billion amid a broader crypto market pullback. Yet blockchain analytics platform Santiment suggests the downturn may reflect a classic capitulation phase rather than a prolonged collapse. According to Santiment, a growing sense of “nostalgia” and widespread claims that the meme era is over could indicate that sentiment has reached an extreme. Historically, when traders collectively abandon a sector, it often signals a potential contrarian opportunity. Dogecoin and Leading Memecoins Under Pressure Dogecoin, often viewed as a bellwether for memecoin momentum,…
Former Binance CEO Changpeng Zhao has rejected allegations that the exchange dismissed internal investigators after they uncovered Iran-linked transaction activity, calling the report “self-contradicting.” Responding publicly, Zhao said he was not aware of the specific claims but argued the narrative did not add up. He noted that Binance relies on multiple third-party anti-money laundering screening tools, many of which are also used by law enforcement agencies, to monitor suspicious activity. Iran-Linked USDT Transactions and Compliance Questions The allegations center on more than $1 billion in transactions over roughly 18 months, primarily involving Tether (USDT) conducted on the TRON network. According…