U.TODAY – U.TODAY presents the first three cryptographic news during the last day.
3,750% liquidation imbalance stunned the bulls
XRP perpetual term contracts have shown unusual negotiation models due to a significant difference of 3,750% between long and short positions. Coinglass data reveal that more than 97% of $ 500,000 in term contracts on XRP liquidated within one hour on Wednesday January 22, coming from long positions, with only $ 14,000 shorts. The occurrence of this great difference coincided with a 1.5% drop in the price of XRP. Previous gains of 2.3% in the value of the assets had strengthened the confidence of traders, leading them to take long aggressive positions. But a sudden change in value has led to a lot of liquidations. A similar trend was observed on the larger market of cryptography, with total liquidations reaching $ 79.28 million, mainly from long positions ($ 53.25 million). For XRP, notable imbalance indicates a high level of excessive confidence on the market and dependence on exchange based on momentum.
Whales pick up steam because ETF attract nearly $ 250 million in entries
According to Santiment, Bitcoin has an increase in the activity of whales, which has historically contributed to the bullish cycles on the market. The number of portfolios holding between 100 and 1,000 BTC has reached a record level, with 15,777 wallets now reported. Santiment considers this increase in whale activity as a potentially positive indicator for future Bitcoin performance. On January 20, Bitcoin reached a record price of $ 108,786, but he has since faced a correction of 6%. Meanwhile, recent data indicates that various ETF Bitcoin attracted 248 million dollars in net flows on Wednesday, January 22, suggesting strong institutional demand despite the action of disappointing BTC prices. According to QCP, the market is likely to remain “linked to the beach” until there is more clarity on the decisions of the interest rates of the Fed, while bitcoin is struggling to find a dynamic Haussier in the middle of the bellicist position of the Fed and to reduce the chances of severe rate drops in 2025.
The Surprised Sparks ETF ranking while Doge retired to $ 0.3,500
Yesterday he became known that Bitwise submitted a …..