Bitget App
Trade smarter
News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
No resultsFlash
- 22:38Saxo Bank: U.S. Government Shutdown Supports Safe-Haven Demand for Precious MetalsJinse Finance reported that this week, gold futures prices once again broke through the $3,900 per troy ounce mark. Saxo Bank analyst Hansen stated that the U.S. government shutdown has injected new safe-haven demand into precious metals. In a report, Hansen said: "Normally, during holidays in some parts of Asia, physical demand tends to ease, and there is usually a risk of price pullback, but this has not occurred this time."
- 22:34$367 million liquidated across the entire network in the past 12 hoursJinse Finance reported that data shows a total of $367 million in liquidations across the entire network in the past 12 hours, with $134 million in long positions liquidated and $233 million in short positions liquidated.
- 22:14Bitcoin futures open interest reaches $88.7 billion, hitting a record high; analysts warn of potential large-scale leveraged liquidationsBlockBeats News, October 3, according to CoinGlass data, the total open interest (OI) of bitcoin futures across the entire network reached a record high of $88.7 billions today. Currently, the price of bitcoin is consolidating around $120,000. The record-breaking open interest indicates an excessively high level of leverage in the derivatives market. Trader BitBull predicts that bitcoin and altcoins will experience a "large-scale leverage liquidation" within the next 1-2 weeks. He believes that the liquidation will force some traders to sell, but after that, the market will rebound again and reach new highs. Other analysts have differing views. Trader CrypNuevo believes the upside target is around $123,200. Meanwhile, trader Roman points out bearish divergence on both the daily and weekly charts, warning of the risk of weakening momentum. CoinGlass data shows that current support liquidity is mainly concentrated around $118,500.