Key Highlights: Shiba Inu ($SHIB) exchange reserves surged to 88,076,900,000,000 tokens on October 3, reaching their highest point in four months. The massive reserve buildup coincides with a price retreat, with SHIB dropping nearly 3% over a 24-hour window. Market analysts interpret the sudden expansion of exchange supply as a bearish signal, suggesting weakening demand ...
Bitcoin briefly dipped to $76,700 following the release of fresh inflation data before recovering toward the $78,000 level. According to QCP Capital, this “contained” reaction signals that markets have largely priced in the prospect of a 25-basis-point rate hike. Technical Setup Remains Constructive The firm explained that $BTC‘s technical setup remains constructive at current levels, ...
B.TOP Founder Jiang Zhuoer Warns of Bitcoin Correction After Leveraged Liquidations Jiang Zhuoer, founder of the B.TOP mining pool, has assessed Bitcoin’s short-term price trajectory and warned that a significant correction could follow the liquidation of highly leveraged positions in the market. Key Liquidation Zones Identified According to Zhuoer’s analysis, the most probable scenario involves ...
Bitcoin Slips Below $79K as Macro Pressures Weigh; BNB Chain Tokens Lead Gainers Bitcoin (BTC) traded around $78,800 on Tuesday, down 0.42% since midnight UTC and 0.75% over the past 24 hours, according to CoinDesk data. The decline leaves the largest cryptocurrency 4.1% below the $82,320 resistance level it failed to breach last week. Ether ...