It’s a sign that bullish long positions are likely getting crowded, and a slight price pullback could see over leveraged bulls capitulate, closing their longs and inadvertently exacerbating downside pressures in the market. Leverage washouts have been a common phenomenon in previous bull markets, often leading to a sudden double-digit percentage price drops.
Credit: Source link
Loyal readers of The Protocol will recall that we launched this newsletter on April 26, 2023, to cover technological developments...
Independent producers have an opportunity to make films more efficiently, providing audiences with stories that challenge them to think at...
The BlackRock USD Institutional Digital Liquidity Fund (BUIDL), issued in partnership with tokenization platform Securitize, is now accessible on the...
Bitcoin has applied the brakes to its record-shattering rally after encountering resistance at the $90,000 level. Having briefly hit $90,100...
"This report highlights the importance of accountability, disclosing the allocation of our resources, and how they help advance Cardano as...
This is an online news portal that aims to provide the latest crypto news and real-time updates around the world. Feel free to get in touch with us!
