As per blockchain data tracked through Hyperdash, the crypto whale shorted 20,474 ETH at an entry point of $3,060. Given that ETH is currently trading below $3,000, the whale is already reaping an unrealized profit of around $1.14 million, equivalent to a 30% return.

The liquidation value of this position is pegged at $3,505, close to ETH’s trading value in January 2025. This value is now acting as potent resistance. If the price surpasses this mark, the position risks being totally liquidated.

Despite the slim margin for error, the trader remains confident. The use of 18x leverage indicates a strong belief that ETH will continue to decline, or at the very least, won’t surpass the resistance level soon.

This level of aggressive shorting has sparked curiosity in a market that remains divided on Ethereum’s ability to regain bullish momentum alongside Bitcoin.

The crypto whale “0x2258…” is no stranger to bold trading moves. The wallet has earned a reputation for taking positions that directly oppose those of crypto influencer James Wynn—often with profitable outcomes.

In May, when Wynn went long on ETH and Bitcoin, 0x2258 immediately shorted both. When Wynn closed his positions, 0x2258 followed suit, pocketing $1.36 million. The next day, as Wynn turned bearish, 0x2258 went long and garnered another $2.54 million.

The exchange continued, and by May 26, the whale had secured $5.6 million in profits within just three days. Since then, this strategy has grown into over $15 million in realized gains, primarily from counter-trading Wynn’s moves.

While Bitcoin continues to overcome key resistance areas, Ethereum seems to be struggling more. Traders like 0x2258 seem to think that ETH currently lacks the power to break the $3,500 threshold.

Nonetheless, this high leverage shorting strategy is risky. Should ETH rebound sharply, traders like 0x2258 could find themselves in a squeeze, forced to buy back at a loss—potentially pushing the price even higher.

However, for now, the whale seems to be leading. Whether this culminates in another multi-million-dollar windfall or a significant loss depends on ETH’s next move. The market is currently in a wait-and-see mode.

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As macroeconomic uncertainties increase with the approach of today’s CPI data release and next week’s Federal Reserve meeting, this cautious stance might just position the market for the next big move, suggests K33. The research head at K33, Vetle Lunde, in his latest report, highlighted that Bitcoin funding rates and leverage indicators across various platforms demonstrate continued caution. Negative daily funding was observed for BTC/USDT perpetuals on Binance last Friday and Sunday, while weekly funding rates were merely 1.3% annualized, a level only seen at local bottoms in the past two and a half years.

History suggests that Bitcoin does not peak during times of negative funding; instead, these situations are typically followed by more upside, Lunde pointed out. The risk aversion extends to futures markets as well. The Volatility Shares 2x leveraged long Bitcoin ETF, BITX, currently holds just 52,435 BTC in exposure, significantly lower than its December peak of 76,755 BTC. The absence of leveraged inflows and soft funding hints at investor skepticism, a setup that could potentially drive Bitcoin’s next rally, according to Lunde.

On the other hand, Ethereum traders are actively leveraging. The Volatility Shares 2x leveraged Ethereum ETF is playing a dominant role in the ETH derivatives market, commanding a significant share of both U.S. Ethereum ETF flows and CME’s ETH open interest over the past two months. Since April 8, the fund has added 305,100 ETH in exposure, outpacing the 295,250 ETH increase in CME ETH OI during the same period. This influx indicates a craving for leverage on long ETH exposure that is yet to be seen in Bitcoin markets, Lunde observed.

Kraken’s Head of Derivatives, Alexia Theodorou, concurs with this perspective, albeit highlighting the potential volatility. She noted an all-time high of 30,000 ETH in open interest in ETH perpetuals on Kraken this week, indicating a significant increase in speculative activity around Ethereum. However, traders seem to be bracing for volatility rather than expressing strong convictions about ETH’s short-term price direction. Recent positive signals from U.S. regulators regarding a more innovation-friendly approach to DeFi could act as a structural boost for ETH in the forthcoming months, she added.

Ethereum has gained 5.4% over the past week, trading around $2,766, but it is still about 43% down from its all-time high. The Block, an independent crypto news outlet, provided this information, and it should be noted that Foresight Ventures, a major investor in The Block, also invests in other crypto-related companies.

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The Asia-based crypto platform is making significant strides in the crypto trading market by offering these attractive incentives. Crypto traders worldwide are expected to be enticed by the offer of 100x leverage, which can significantly enhance their trading capacity.

The $50 bonus is an additional reward to new traders on the platform, while the absence of KYC requirements allows for faster and more hassle-free registrations. The move by BexBack is expected to streamline the trading experience and foster a more inclusive crypto community.

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The new feature set, which includes a 100x leverage, offers traders the opportunity to maximize their trading potential and returns. Combined with the 100% deposit bonus, BexBack is set to provide a trading experience like no other, presenting an enticing opportunity for both new and seasoned crypto traders.

With the introduction of these features, BexBack further underlines its commitment to providing a competitive edge to its users in the fast-paced world of cryptocurrency trading.

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Despite this, the overall crypto market experienced an upswing after Fed chair Jerome Powell downplayed recession fears, leaving those who had bet on a downturn in a tight spot. “This is a surefire way to lose money,” remarked Michael van de Poppe, founder of MN Trading Capital, in a March 19 post.

Within a 12-hour window, CoinGlass data revealed that $188.77 million was liquidated from the crypto market, with $127.80 million being short positions. After Powell’s statement, Bitcoin surged 3.84% in six hours to reach $87,427 before retreating to $85,760. Similarly, Ether and XRP saw gains of 2.27% and 2.40% respectively, per CoinMarketCap data.

Van de Poppe noted, “The initial statement isn’t as important. The words from J. Powell are. That’s what likely defines Bitcoin’s price movement for the upcoming period.”

However, the Bitcoin rally may not continue in the short term, according to crypto trading account BitcoinHyper. Matt Mena, crypto research strategist at 21Shares, echoed this sentiment, stating, “Bitcoin is likely to remain in consolidation mode until a clear catalyst emerges.”

As per Powell’s statement, FOMC members predict interest rates will stand at 3.9% at the end of 2025, and 3.4% by the end of 2026.

This piece does not provide investment advice or recommendations. Every investment and trading move carries risk, so readers should conduct independent research before making decisions.

The post Leveraged Crypto Bets Pre-FOMC Meeting a Surefire Way to Lose, Says Trader appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

This major crypto investor, colloquially referred to as a whale, has initiated a 40x leveraged short position involving more than 4,442 Bitcoin (BTCUSD), valued over $368 million, essentially gambling on a dip in Bitcoin’s price.

Leveraged positions, which use borrowed funds to amplify the potential size of an investment, can heighten both potential gains and losses, making them riskier than standard investment positions. This particular Bitcoin whale established the $368 million position at $84,043, facing liquidation if Bitcoin’s price surges beyond $85,592.

Though the investor has accrued over $2 million in unrealized profit, he also has suffered a loss exceeding $200,000 in funding fees for the position, as per Hypurrscan’s data.

Although leveraged trading carries substantial risk, some crypto investors have reaped significant profits using this technique. A shrewd trader raked in $68 million on a 50x leveraged short position in March, capitalizing on Ether’s (ETHUSD) 11% price drop.

The whale’s hefty wager comes prior to a week filled with important macroeconomic updates, including the forthcoming Federal Open Market Committee (FOMC) meeting on March 19, which may influence investor interest in risk assets like Bitcoin.

Bitcoin must seal a weekly close above $81k to stave off pre-FOMC slide: analysts. Amid increasing macroeconomic uncertainty concerning global trade tariffs, Bitcoin’s price remains vulnerable to significant downside volatility.

To dodge downside volatility preceding the FOMC meeting, Bitcoin needs to secure a weekly close above $81,000, says Ryan Lee, head analyst at Bitget Research. Lee anticipates more short-term selling pressure if Bitcoin falls below the $76,000 mark, especially with the upcoming FOMC meeting on March 19.

Present market anticipations are placing a 98% probability on the Fed maintaining steady interest rates, as per the most recent predictions from the CME Group’s FedWatch tool. “Any unexpected hawkish signals could exert pressure on Bitcoin and other risk assets,” warns Lee.

The post Bitcoin Behemoth Risks $368M on 40x Leverage Bet Against BTC Prior to FOMC Meeting appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The latest post by Glassnode sheds light on the changing dynamics of the Ethereum futures market in the past day. Ethereum, alike other digital currencies, has experienced substantial volatility within this period. The intense price fluctuation often spells turmoil for the derivatives sector, invariably leading to a pile-up of liquidations across different exchanges.

As Ethereum has primarily seen a downward trend in its price action, long investors have been majorly impacted. Glassnode shared a chart showcasing the trend in long liquidations involving Ethereum throughout the past year.

The chart indicates that the Ethereum futures market has just experienced a significant amount of long liquidations. As per Glassnode, “Yesterday, $76.4M in ETH long liquidations hit the market, with $55.8M wiped out in a single hour – the second-largest spike in a year, just behind Dec 9’s $56M.”

These liquidations have resulted in a significant ETH leverage flush-out on derivatives platforms. Another chart was shared, this time for the Open Interest, which demonstrates the market deleveraging:

“Open Interest” is a metric that monitors the total Ethereum-related futures positions open across all centralized derivatives exchanges. This metric sat around $20.5 billion at the beginning of the month but dropped to $15.9 billion following the mass liquidation event. This indicates that positions worth $4.6 billion have been removed from the market.

While this is a substantial reduction, it hasn’t notably cooled down the Open Interest. The 365-day moving average (MA) of Ethereum’s Open Interest currently stands at $13 billion, making the daily value approximately 22% higher than last year’s average.

This could signal that the sector’s leverage remains high, despite the significant liquidations suffered by long investors. Historically, a hyperactive futures market has typically unwound with price volatility for the coin, suggesting that Ethereum could face more sharp fluctuations soon.

Ethereum’s price plummeted to the $2,100 mark yesterday but seems to have rebounded and is now trading around $2,800.

The post “Ethereum Futures Market Remains Overheated Despite Massive Long Liquidations, Reports Glassnode” appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The announcement, made on February 1, has generated considerable interest among traders and investors alike. This is due to the potential for substantial returns and an eased registration process. BexBack’s new initiative is seen as an attractive opportunity for those looking to dive into the crypto market without the usual regulatory hurdles.

By combining high leverage with bonus schemes, BexBack aims to attract a wider clientele and cement its position as a leading cryptocurrency trading platform in Asia.

The post BexBack Introduces No KYC Crypto Trading with 100x Leverage, $50 Welcome Bonus, and Double Deposit Bonus appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

What You Need to Know About the ARK Perpetual Contract

Here’s a quick rundown of the key aspects of the newly launched financial product:

• Underlying Asset: ARK
• Settlement Currency: USDT
• Precision: Tick size of 0.0001
• Leverage: Up to 10x
• Availability: Round-the-clock trading
• Funding Rate: Capped at ±3.00%
• Margin Requirements: Minimum maintenance margin rate is 3.00%
• Multi-Assets Mode: Yes, it’s supported

A Word of Caution

Please be aware that Binance reserves the right to alter the contract specifications based on prevailing market conditions. This can include changes to the funding rate, tick size, leverage limits, and margin requirements. Also, all trades are governed by the Binance Terms of Use and the Binance Futures Service Agreement.

Multi-Asset Trading Flexibility

The introduction of Multi-Assets Mode means users can employ various margin assets while trading the ARK perpetual contract. For instance, you can leverage your BTC holdings as margin for this specific trading activity.

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