Key Takeaways Bitcoin OG, a veteran crypto trader, realized over $160 million in profits by shorting Bitcoin and Ethereum in just 30 hours. The trader actively adjusts positions in response to market volatility. Bitcoin OG, a veteran trader recognized for owning early-era coins and executing large-scale positions, booked over $160 million in profits from shorting
Bitcoin and crypto markets just witnessed the single largest daily liquidation event on record. The meltdown hit $19.27 billion in liquidations in the last 24 hours, according to CoinGlass. That’s larger than the massive liquidation cascades during the collapses of Terra Luna, FTX and the COVID-19 fallout. President Trump’s ongoing tariff battle is at the
Bitcoin’s price may recover up to 21% over the coming seven days if October’s historical trends hold, according to an economist. “Drops of more than 5% in October are exceedingly rare. This has happened only 4 times in the past 10 years,” economist Timothy Peterson said in an X post on Friday.’ He said those
Bitcoin traded at $117,729.81 as of press time, struggling to extend gains from its $126,000 all-time high as short-term positioning dynamics and risk-off flows dominated the medium-term debasement thesis. The debasement trade thesis gained popularity after JPMorgan published a report on the topic on Oct. 1. The thesis is based on the expectation that fiscal
Swan Bitcoin CEO Cory Klippsten said Bitcoin’s price volatility may not be over after the cryptocurrency briefly fell to $102,000 on Friday, following US President Donald Trump’s announcement of a 100% tariff on Chinese imports. “If the broader risk-off mood holds, Bitcoin can get dragged around a bit before it finds support and starts to
Bitcoin is trading near $121,600 after reaching a new all-time high above $126,000 earlier this week. The asset has slowed and is now moving sideways just below a major diagonal resistance that has capped the price for several months. Analysts are watching to see whether Bitcoin can break through or if it will be rejected
A sudden flash crash rattled crypto markets on Oct. 10, erasing billions in leveraged positions as Bitcoin, Ethereum, and other major tokens plunged before staging partial recoveries. Bitcoin fell more than 10% at its lowest point, slipping to $101,500 before rebounding to trade near $112,500 as of press time. Ethereum similarly dropped over 10% intraday
Bitcoin price dropped to the $108,000 range today as escalating U.S.-China trade tensions and tariff talks sent shockwaves through global markets. President Donald Trump posted on Truth Social today that China has announced “aggressive” and “unprecedented” export controls on nearly all products, affecting all countries starting November 1, 2025. In response, Trump said the U.S.
US President Donald Trump’s announcement of 100% tariffs on China severely shook the cryptocurrency market, along with global markets. Bitcoin’s price quickly plummeted to $102,000, leaving investors confused by the perception that October is typically a bullish month. Cryptocurrency analyst Timothy Peterson shared a striking analysis, noting that this decline is historically rare. According to
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