DeFi News Daily Official TheBitTimes.com

Bitcoin (BTC) has had an impressive performance in the past two weeks, breaking the previous all-time high of $69,000. This movement rewarded investors 40% gains in 15 days, and Bitcoin whales started realizing profits by “increasingly cashing out.” In particular, Ali Martinez spotted the profit-realization attitude through Glassnode data. The on-chain analyst posted the sell-off alert for Bitcoin on X on March 12. Notably, the number of Bitcoin whales holding 1,000 BTC or more dropped 4.83% in the last two weeks. According to Martinez, this scenario suggests these big investors have been “ increasingly cashing out” during the nearly 40% price surge. Picks for you $1000 invested in DOGE at start of 2024 returned 22 mins ago Leveraging small investments: Strategies for limited budgets 22 mins ago JPMorgan CEO estimates 65% chance of a recession 47 mins ago 3 cryptocurrencies to turn $10 into $1,000 in March 2 hours ago “Recent data reveals...

This week started with a $4,000 Bitcoin (BTC) rally, accruing 10% gains from the lowest to the highest price on January 8. Some cryptocurrencies followed the leader, which overperformed the cryptocurrency market, increasing its capitalization dominance to over 54%. Nevertheless, some cryptocurrencies are laggards in this bull rally, still dominated by short positions, with remaining liquidity upwards. These higher-priced liquidity pools could become market makers’ targets, favoring short-squeeze liquidation events, potentially driving prices up. Essentially, a short squeeze happens when short positions get massively liquidated. These liquidations force purchases of the given cryptocurrency, increasing the price and bringing new liquidations for even higher prices at a spiral event. In particular, Finbold spotted XRP (XRP) and BNB Chain (BNB) as two cryptocurrencies to watch, based on data from CoinGlass on January 9. Will XRP skyrocket with short liquidations? Cryp...