Tag:

Hourly

Shiba Inu Rockets 699,000% in Hourly Liquidation Imbalance

by admin August 19, 2025

Dog-themed cryptocurrency Shiba Inu has faced a sudden liquidation on the market, leading to a flushing out of leveraged long positions.

The market reversed an earlier rebound in the early Tuesday session as investors awaited the Federal Reserve’s July meeting minutes and its annual Jackson Hole symposium, scheduled to be held from Thursday to Saturday. The Fed will release minutes from its July 29-30 policy meeting, which left rates unchanged on Wednesday, and Fed Chair Jerome Powell is slated to give a speech on Friday.

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Bitcoin reversed to trade near $113,000 after previously surpassing $116,000. Major cryptocurrencies, including Shiba Inu, mirrored this trend, which led to an unwinding of long positions on the derivatives market.

Shiba Inu sees 699,000% liquidation imbalance

Shiba Inu dropped to $0.0000122 after previously reaching $0.0000128, catching traders who were betting on price increases unaware.

According to CoinGlass data, in the last hour, the total liquidation for SHIB came to $111,860; long liquidations accounted for $111,840 while short liquidations came to a surprising $16.50, with the disparity accounting for a 699,000% imbalance.

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The surprising $16.50 figure recorded in short liquidation suggests that most Shiba Inu traders were anticipating a price increase, but the markets took an unexpected turn.

Around press time, SHIB was trading 1.92% in recent hours to $0.0000123, contributing to 3% and 7% daily and weekly losses, respectively.

In a positive update for Shiba Inu ecosystem, Shiba Inu developer Kaal Dhairya highlighted that development work for LEASH v2 has begun. The Shiba Inu team is also consulting with advisors on features and architecture to future-proof LEASH v2 (potentially Zama).

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August 19, 2025 0 comments

Crypto Trends

XRP ‘Death Cross’ Forms on Hourly Chart, But Price Defies Odds

by admin June 7, 2025

XRP, the fourth-largest cryptocurrency, surprised traders early Friday with a classic technical signal — a death cross appearing on its hourly chart — but the price defied the odds.

A death cross occurs when a short-term moving average, typically the daily SMA 50, crosses below a long-term one (the daily SMA 200), indicating potential bearish pressure. The death cross coincides with a sell-off spurred by fresh uncertainty on global markets, sending major cryptocurrencies tumbling and wiping out nearly $1 billion in leveraged bets.

XRP/USD Hourly Chart, Courtesy: TradingView

After four days of rising since May 31, XRP saw profit-taking after reaching highs of $2.28 on June 3 and concluded the Wednesday and Thursday trading sessions in the red.

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The drop reached $2.06 in the Thursday session, and instead of continuing lower, XRP changed course, catching bears off guard and staging a rebound. XRP has marked seven out of the last eight hours in green.

Bulls defending key levels

Although XRP was trading slightly lower at press time, down 0.67% in the last 24 hours to $2.18, it has largely recouped daily losses (it reached intraday lows of $2.08 in the early Friday session). XRP has also recovered weekly losses, rising 0.02% over the last seven days.

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The bounce suggests that bullish traders are still actively defending key support levels. While the hourly death cross may suggest caution in the short term, the swift rebound shows bulls are still in the picture.

The rebound corresponds with a 73.9% increase in trade volumes in the last 24 hours, reaching $3.5 billion, according to CoinMarketCap data.

Market observers are now focused on XRP’s ability to hold above its recovery levels and break higher. A decisive break above the hourly moving averages of 50 and 200 at $2.17 and $2.19 will be watched in the short term for XRP to advance its upward move.

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June 7, 2025 0 comments

NFT Gaming

XRP Rockets 721,735% in Abnormal Bull Liquidations in Hourly Bloodbath

by admin June 4, 2025

A quiet XRP rally turned into a liquidation minefield on Wednesday as the market flipped against overexposed long traders in one of the sharpest hourly reversals seen in recent days.

At the center of it is a 721,735% spike in long liquidations — no, that is not a typo. Within just one hour, nearly $474,000 worth of bullish bets were wiped out, while short liquidations barely crossed $65, according to CoinGlass. That is not just an imbalance — it is almost complete silence from the other side of the trade.

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The setup was not complicated. The XRP price was rising through the early session, ticking from around $2.27 to a local high of $2.36. Then came a fast reversal — not dramatic in percentage terms but just enough to trip a cascade of margin calls. The price dipped under $2.29, and that was all it took. Leverage did the rest.

Source: CoinGlass

What followed was a string of red that did not need to fall far — it just needed to be fast. And in a heavily long market, fast is all it takes.

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Zoom out to the 12-hour view, and XRP still leads the board in terms of liquidation imbalance. Other assets were hit — BTC saw $11.75 million in long liquidations, and ETH took $3.55 million, but XRP stood out for how concentrated the pain was in such a small window.

Overall, $103 million in liquidations were recorded in the 12-hour stretch across the crypto market. Longs made up more than two-thirds of that. XRP just happened to be the first to break.

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June 4, 2025 0 comments

Bitcoin: Entity-adjusted realized profits. (Glassnode)

NFT Gaming

Bitcoin Profit Taking Speeds Up Post Golden Cross, Hourly Cashouts Top $500M

by admin June 4, 2025

Bitcoin

holders have increased their profit-taking activity since the cryptocurrency’s price averages flashed a key bullish signal two weeks ago.

BTC’s 50-day simple moving average (SMA) crossed above its 200-day SMA on May 22, confirming a golden cross – a technical indicator signaling bullish long-term momentum, according to data from TradingView. On the same day, bitcoin’s price hit a record high above $111,000, according to CoinDesk data.

Still, holders are increasingly locking in gains rather than holding for further upside, according to on-chain data tracked by Glassnode.

“Entity-adjusted realized profit spiked above $500M/hour three times in the past 24 hours, signaling intense profit-taking activity,” Glassnode said on X on Tuesday.

The entity-adjusted realized profit represents the total USD profit of all coins that have been moved onchain, where the price at their last movement is lower than the latest transaction price.

Bitcoin: Entity-adjusted realized profits. (Glassnode)

The chart shows the profit-taking activity has steadily increased since the second half of May, topping the $500 million mark several times. That’s the most intense profit taking operation since early February.

Other metrics, such as the entity-adjusted spent output profit ratio (SOPR), suggest the same. SOPR tracks the profit level of all moved coins during a given period. It’s entity-adjusted version discards transactions between addresses of the same entity, providing a reliable indicator of real economic activity.

“The recent ATH breakout has led to a notable uptick in profits locked in, with the average coin capturing a +16% profit. Fewer than 8% of trading days have been more profitable for investors, suggesting a meaningful transition into profit-taking activity is underway,” Glassnode said in its weekly report.

The report added that profit-taking is still not as intense as seen during prior major price-topping patterns.

As of writing, BTC changed hands at $105,600 amid reports of President Donald Trump’s Truth Social platform moving a step closer to offering a bitcoin exchange-traded fund to everyday investors.

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June 4, 2025 0 comments