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CATEGORY: impending

Bitcoin Price Metric Turns Red with Warning of Impending Bearish Market Phase
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Feb 17, 2025 05:50

Bitcoin Price Metric Turns Red with Warning of Impending Bearish Market Phase

Bitcoin’s price metric has turned red, signaling a potential bearish phase ahead, according to analysis. The metric, known as the Mayer Multiple, compares the asset’s current price to its historical moving average. When the Mayer Multiple enters the red zone, it suggests that Bitcoin may be overvalued and could experience a downward trend. This indicator [...]

The post Bitcoin Price Metric Turns Red with Warning of Impending Bearish Market Phase appeared first on Crypto Breaking News.

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Bitcoin’s Plunge Below $29K Triggers $92 Million in Derivatives Liquidations; Crypto Markets Tremble
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Aug 01, 2023 10:30

Bitcoin’s Plunge Below $29K Triggers $92 Million in Derivatives Liquidations; Crypto Markets Tremble

As bitcoin dipped below the $29K threshold and the overall crypto economy experienced a 1.4% decrease to $1.17 trillion, cryptocurrency derivatives markets underwent $92 million in liquidations, primarily in long positions. Cascading Effect: Bitcoin’s Fall Under $29K Sparks $92 Million in Liquidations The crypto economy, along with a significant number of digital assets, faced a [...]

The post Bitcoin’s Plunge Below $29K Triggers $92 Million in Derivatives Liquidations; Crypto Markets Tremble appeared first on Crypto Breaking News.

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