If Bitcoin rises to $96900, approximately $10.2 billion of short leverage may be liquidated

Binance XMR/USDT's perpetual trading volume surged 29 times within 10 minutes, with a turnover of 61.24 million US dollars in the past 24 hours, a decrease of 6.29% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Binance contracts ranks first in the world

1. BlackRock transfers 2156 BTC worth $186 million to Coinbase 2. Bank of America expects the Federal Reserve to cut interest rates by 25 basis points in December 3. The price of gold may drop to 13 times the Bitcoin ratio, with increased volatility 4. Japan plans to impose a 20% tax rate on cryptocurrency exchanges, with the goal of implementing it by 2026 5. Massimo approves inclusion of Bitcoin in long-term treasury strategic reserves, preliminary purchases have begun 6. Germany and Switzerland close $1.4 billion worth of cryptocurrency mixing services, cross-border action completed 7. The Ethereum Fusaka upgrade will take place on December 3rd to enhance scalability and decentralization 8. Giant Whale deposited 10 million USD in USDC and opened 12000 ETH multiple orders, with a total value of 32.8 million USD The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/503876

Monitoring shows that the address 0x2e6c32d3FF8A61D931C19FFDcBaEb98B53ebdB66 received 7080 ETH worth $19.89 million from FalconX, suspected to belong to Bitmine or Sharpnink Gaming. The address currently holds 23772 ETH with a total value of approximately $66.77 million. （Onchain Lens）

Member indicators show that the current price of BTC is below the EMA24 and EMA52 moving averages, and the slope of the double moving averages is downward, releasing a strong bearish signal. Meanwhile, the MACD continues to spread below the zero axis, confirming that downward momentum is still accumulating. On the candlestick chart, the latest 4-hour cycle has formed a belt catching line, with the opening price close to the lowest point, indicating that buying is trying to resist, but there is significant resistance above 86964.5, making it difficult to break through. The chip distribution shows that the 85966-86215 area is a strong support range, and if it falls below, it will accelerate its downward trend to 84468. Suggest paying attention to the gains and losses of the region and seizing short-term trading opportunities. Open a membership to obtain real-time main trends and accurate support resistance analysis, helping you stay one step ahead! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.

If the price of Bitcoin reaches $96900, approximately $10.2 billion of short leveraged positions may face liquidation risk. （Cointelegraph）