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As the Bitcoin funding rate turns negative, Matrixport warned that more liquidations could be on the horizon before the Bitcoin price recovers.
Share link:In this post: Japan’s sudden interest rate hike has caused a major shake-up, forcing traders to close out their yen carry trades quickly. The fallout was swift and severe, with significant market corrections, especially in cryptocurrencies.
Share link:In this post: The Bank of Japan hiked interest rates, wrecking global stocks and the crypto market. Before the rate hike, the Bank of Japan issued cheap yen-denominated loans that amounted to trillions of dollars. Bitcoin and Ethereum fell 18% and 26%, respectively, in less than 24 hours.
Share link:In this post: Data indicates whales accumulated more XRP tokens amid the cryptocurrency market shakeup. WhaleAlerts pointed out increased XRP token accumulations as more whales show reluctance to sell. Market analysts think the accumulation could indicate market optimism that could ultimately lead to market gains.
Share link:In this post: Despite Bitcoin’s price drop below $50,000, long-term holders only sold a tiny $600,000, showing serious holding power. Newer investors panicked and moved over $5.2 billion in BTC in just an hour. Global economic jitters and disappointing U.S. job reports have ramped up market instability, affecting stocks and Bitcoin alike.
- 03:03$184 Million Liquidated Across the Network in the Past 24 HoursAccording to Coinglass data, the total liquidation across the network in the past 24 hours amounted to $184 million, with long positions liquidated at $87.3677 million and short positions at $96.6286 million. Among them, Bitcoin long positions were liquidated at $20.1032 million, Bitcoin short positions at $41.4106 million, Ethereum long positions at $16.8351 million, and Ethereum short positions at $10.9584 million.
- 03:02Former Trump Aide David Bailey in Talks to Establish a Bitcoin Investment FirmAccording to CoinDesk, former Trump aide David Bailey is in talks to establish a Bitcoin investment company.
- 03:02Spokesperson of the Chinese Embassy in the United States Answers Questions from Reporters on China-U.S. High-Level Economic and Trade TalksAccording to a report by Jinse Finance, a spokesperson for the Chinese Embassy in the United States responded to questions from reporters regarding the high-level China-U.S. economic and trade talks, stating that both the Chinese Ministry of Foreign Affairs and the Ministry of Commerce have made statements on the matter. I would like to emphasize the following three points: First, the U.S. side has recently conveyed information to China through various channels, expressing a desire to discuss issues such as tariffs. China decided to engage with the U.S. after carefully evaluating the information. The talks were held at the request of the U.S. Second, China's firm opposition to the U.S.'s arbitrary imposition of tariffs is consistent, and it will resolutely safeguard its legitimate rights and interests, international fairness and justice, and uphold WTO rules and the multilateral trading system. Third, this tariff war was initiated by the U.S. If the U.S. truly wants to resolve issues through dialogue and negotiation, it should stop threats and pressure, and engage in dialogue with China on the basis of equality, respect, and reciprocity. China will never accept the U.S. saying one thing and doing another, nor will it sacrifice its principled stance or international fairness and justice to seek any agreement. (Chinese Embassy in the United States)