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Opinion: Bitcoin Could See a 60% Correction if It Breaks Below the "Bull-Bear Line" 50-week Moving Average

4 hours ago

On November 7th, according to analyst @ali_charts, if Bitcoin drops below the "bear-bull line" which is the 50-week moving average, it suggests the advent of a bear market. This pattern has been verified by the trends observed in 2011, 2014, 2018, and 2020. If this previous trend is repeated, Bitcoin will encounter a 60% decline, indicating that it will reach a bottom near $40,000.

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「Top 100% Win Rate Whale」 Liquidates ZEC Short Position with a Loss of $375,000, Account Balance Now Only $220,000

On November 7th, according to the monitoring of HyperInsight, the "Front-Runner Whale with 100% Win Rate" closed its 10x short position in ZEC 5 minutes ago, with a value of approximately $4.3 million. The average entry price of the whale was $627.7359, and ZEC is currently trading at $687. The whale has suffered a loss of $375,000, and the account now only has $220,000 remaining.

5 minutes ago

In the past 4 hours, the entire network has liquidated $170 million, with long liquidations totaling $138 million.

On November 7th, according to Coinglass data, within the past 4 hours, there was a total network liquidation of $170 million. Among them, the long liquidation accounted for $138 million. Moreover, in the last 24 hours, a total of 241,486 people were liquidated globally, with a total liquidation amount of $710 million. The largest single liquidation took place on Hyperliquid - BTC-USD, with a value of $15.3129 million.

5 minutes ago

Nasdaq Opens Lower and Extends Losses to 1.23%, S&P 500 Index Declines 0.74%

On November 7th, based on market data, the Nasdaq opened at a lower level and continued to decline. The decline expanded to 1.23%. Meanwhile, the S&P 500 Index fell by 0.74%.

5 minutes ago

US Stock Market Opens Lower, Crypto-related Stocks Experience a Broad Decline, with Strategy Inc. Plunging by 5.14%

On November 7th, based on market data, the U.S. stock market opened with all three major indexes opening lower collectively. The S&P 500 index fell below 6,700 points, and the Nasdaq fell below 23,000 points. U.S. stock crypto concept stocks generally declined, including: Strategy (MSTR), which fell by 5.14%; Circle (CRCL), which fell by 2.07%; Coinbase (COIN), which fell by 1.28%; MARA Holdings (MARA), which fell by 3.73%; Riot Platforms (RIOT), which fell by 5.48%; Bitmine Immersion (BMNR), which fell by 1.35%; and SharpLink Gaming (SBET), which fell by 2.42%.

5 minutes ago

SOL sees short-term dip to $150, with a 4.89% decrease in the last 24 hours

On November 7th, based on HTX market data, SOL witnessed a short-term decline and touched $150. It is currently trading at $150.4, indicating a 24-hour decrease of 4.89%.

5 minutes ago

James Wynn Reveals 40x Bitcoin Short Position Profit, Entry Price $105,148.7

On November 7th, according to the monitoring of HyperInsight, "Bankruptcy Whale" James Wynn disclosed his 40x leveraged short position in Bitcoin. The current position size is $3 million, the entry price is $105,148.7, and the unrealized gains exceed $150,000.

5 minutes ago

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