Cryptocurrency markets are trading mostly flat, as discussions around the DJT meme coin continue.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $64,942.60 | +0.21% |
| Ethereum ETH/USD | $3,519.13 | -0.50% |
| Solana SOL/USD | $133.74 | -1.7% |
| Dogecoin DOGE/USD | $0.1243 | +1.3% |
| Shiba Inu SHIB/USD | $0.00001817 | +0.04% |
Notable Statistics:
- IntoTheBlock data notes a 432.2% increase in Bitcoin's exchanges netflows. Bitcoin holders making a profit at current levels dropped to 89% from 92% earlier in the day.
- Coinglass data indicates short liquidations of $21.2 million, the highest since June 12. In the past 24 hours, 48,622 traders were liquidated for $118.52 million.
- Tyler D cited CryptoQuant data showing that long-term Bitcoin whales have sold $1.2 billion worth of BTC over the past 2 weeks.
- CrypNuevo indicates a big cluster of liquidations at $67,700 and a smaller one at $63,800. "This opens the possibility of a sweep of the lows to liquidate some longs first."
Notable Developments:
- Binance Fined $2.25M By India’s Financial Intelligence Unit For Anti-Money Laundering Violations (UPDATED)
- UK Busts Illegal Crypto Exchange For Allegedly Facilitating $1.26B Worth Trades
- MicroStrategy Doubles Down On Bitcoin With $786M Purchase
- German Government Sells $195M In Bitcoin, Has $3B Left
Top Gainers:
| Cryptocurrency | Price | Gains +/– |
| Worldcoin WLD/USD | $3.11 | +11.7% |
| Fetch.ai ORDI/USD | $1.58 | +9.6% |
| Core CORE/USD | $1.39 | +7% |
Trader Notes: Kevin, a notable crypto trader, highlighted in a recent tweet that June 21 is the day that he is tracking as the "day we need to get moving higher." He predicts that if the "monthly candle doesn't get going and it closes the way it is now then we're gonna start flashing monthly sell signals on certain indicators that have never failed to be correct when they flash."
Trader MaxBecauseBTC foresees the Bitcoin cycle top to come in Q2 2025.
Trader Daan Crypto Trades correlated Bitcoin's biggest liquidity zone which continues to remain at $72,000 corresponding to the range highs. He added, "Price is pretty far off any major liquidity level as we speak."
What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
Read Next:Bitcoin Whale Makes $395M Purchase: Here’s How Their Last Trade Went
Image: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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