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Crypto

Ethereum wobbles at $2,200 as large short bet meets whale buying

A whale wallet has built a $50.55 million, 25-times leveraged short position in ether, heightening market tension as ether trades near levels that would pressure the bet. The wallet also holds a leveraged bitcoin long position. Other large holders have increased ether longs, while another wallet linked to World Liberty Financial sold ether for USD coin. Addresses tied to a possible fund deposited ether to Binance, adding to selling pressure. Attention is on whether ether holds $2,200.

Crypto

Bitcoin \'1900 percent rally\' precursor signal reappears, similar to 2018 oversold zone

Bitcoin’s short-term holder stress indicator has dropped to its lowest level since after the 2018 bear market, prompting suggestions the market may be close to a macro bottom. Cointelegraph, citing Checkonchain data, said the STH Bollinger Bands metric entered its deepest oversold zone in about eight years. Past instances preceded large rebounds. Some see selling pressure largely exhausted, while Wells Fargo flagged possible liquidity support from expanded U.S. tax refunds.