| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107235.1300000000 |
| ETH | $2430.2150000000 |
| BNB | $648.9422000000 |
| XRP | $2.1836220000 |
| ADA | $0.5637861000 |
| SOL | $149.5350000000 |
| DOGE | $N/A |
| DOT | $3.3887000000 |
| LTC | $86.2962000000 |
| LINK | $13.3016500000 |
Category: CRYPTO NEWS
The post Major Bitcoin Leverage Warning Issued by CryptoQuant Founder appeared on BitcoinEthereumNews.com. Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Amid the ongoing price volatility on the cryptocurrency market, Bitcoin (BTC) has had its fair share of fluctuations. The leading digital asset has traded between $100,238.19 and $103,730.82 in the past 24 hours. This has prompted Ki Young Ju, CEO of CryptoQuant, to issue a significant warning to investors. Rising taker sell pressure sparks concern In an update shared on X, Young Ju noted that Bitcoin’s taker sell pressure, a metric that monitors market sell orders on exchanges, is increasing. This suggests that more market participants are engaging in aggressive Bitcoin sales. Related Remarkably, these traders are offloading the asset at the current market price and not placing limit sell orders. Experts say this hints at bearish sentiment among investors and could trigger a huge price decline. This prediction of a likely price decline could occur if the selling pressure on Bitcoin surpasses buy-side liquidity. Hence, Young Ju has sounded the alarm to Bitcoin investors in a leveraged position. Young Ju warned, “Be cautious if you’re leveraged.” He supported his Bitcoin update with the BTC Taker Net Volume chart, indicating the 72-hour MA. This warning targets traders using borrowed funds to amplify their Bitcoin positions. Young Ju appears to suggest that these investors need to reevaluate their assets. If such selling pressure continues, a BTC price drop…
2025-01-30T04:33:06+00:00