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Summary ⚈ Bitcoin trading near $97,000 puts $3.36 billion in shorts at liquidation risk. ⚈ A 3.14% BTC price rise to $100,000 would trigger mass short liquidations. ⚈ A 3.07% drop to $93,973 would also threaten $3.36 billion in long positions. Bitcoin’s (BTC) move to the upside could put crypto bears in quite a tough position if the cryptocurrency’s present rally continues.  The leading digital asset was trading at $96,950 at press time on May 2, having seen a 2.64% increase in price over the past week. BTC price 1-week chart. Source: Finbold Some $3.36 billion in Bitcoin short positions are at risk of liquidation if BTC prices reach $100,000, according to data analyzed and retrieved by Finbold from market intelligence platform CoinGlass . Bitcoin exchange liquidation map. Source: CoinGlass A 3.14% increase in BTC price could cause $3.36 billion in Bitcoin shorts to be liquidated So, what are the key levels to watch as Bitcoin approaches a ret...

The co-founders of market intelligence platform Glassnode are identifying two catalysts that need to line up for altcoin season to officially kick off. In a new thread on the social media platform X, Glassnode and Swissblock co-founders Jan Happel and Yann Alleman – who together share the handle Negentropic – say that based on historical precedent, altcoin season could start if Bitcoin’s (BTC) dominance levels start to fell and its price stabilizes above $100,000. “Flashback to February 2021. In the last cycle, February kicked off altcoin season. Could it happen again? Two key factors must align: 1) Bitcoin dominance must decline. 2) Bitcoin must hold a stable price above $100,000. The scenario seems to be shaping up – will history repeat itself?” Source: Negentropic/X However, the duo goes on to note that the top crypto asset by market cap’s recent rise in dominance and price has delayed altcoin season. “Dominance: 58%+. Price: Hol...

The share price of MicroStrategy stock (MSTR) plunged 8% after the firm purchased $209 million worth of Bitcoin (BTC) amid growing concerns of the company’s “leveraged” play. MSTR lost over $27 during yesterday’s trading session, according to data from Google Finance . The bleed continued during after hours trading, with MicroStrategy stock dropping an additional 3%. MicroStrategy Stock Heavily Leveraged Through Convertible Notes And Debt Issuances The Kobeissi Letter shared concerns about MicroStrategy’s proposed 10 billion increase in authorized shares in a Dec. 30 X post. According to the trading resource, MSTR has heavily leveraged itself through a mix of convertible notes and debt issuances.  Something doesn't add up here: MicroStrategy, $MSTR, has been known as the most popular "levered" #Bitcoin play of the year. Meanwhile, over the last month Bitcoin has gained +2% while $MSTR is currently down nearly -50%. What is happening? Let us ex...

Bitcoin’s (BTC) incredible rally hit a rough patch after November 22, as investors appear to have lost their patience waiting for the cryptocurrency to fully close the final $2,000 gap to $100,000. Despite this decline to BTC price today of $93,721, the sentiment remains bullish.Once put in context, the correction appears minuscule as the coin remains 36.70% green in the 30-day chart. BTC 30-day price chart. Source: Finbold Still, the question of what will happen to Bitcoin through the remainder of 2024 and by the first day of 2025 remains open, and the Bitcoin Rainbow chart may offer some insights into things to come. Picks for you Analyst makes crypto predictions for ‘the mother of all bull markets’ in 2025 1 min ago DIA Lasernet lau...

Bitcoin’s NVM ratio has recently risen to 0.52, falling below the 0.6 threshold typically signaling undervaluation. The “NVM ratio” is a measure that examines the correlation between the logarithm of Bitcoin’s market value and the square of its daily active users. advertisement Courtesy: CryptoQuant When the NVM ratio is high, Bitcoin is considered overvalued; conversely, a low ratio suggests undervaluation. The present downward trend of this metric implies the potential for a price rise, given the positive network activity. Bitcoin (BTC) Price Shows Weakness on Charts Bitcoin’s SuperTrend indicator has been flashing sell signals while hinting at a deeper price correction. To confirm any bullish reversal, the BTC price needs to close above the $29,500 level, which is 14% higher than the current levels. If Bitcoin fails to recover above this, a bigger correction could be on the cards. Notice the precision of the SuperTrend indicato...