| Mobile Web

Search results for short squeeze

Crypto

Ethereum faces $2,000 test as mid-tier holders exit and whales accumulate

Ethereum has entered a phase of weighing direction around $2,000. It remains under pressure after failing to retake $2,150, while new short positions in futures raise the prospect of a short squeeze. Open interest rose by about 350,000 ETH even as the price held near $2,000, and funding rates stayed positive at 0.0049 percent monthly. On-chain data show declining participation from mid-sized holders but continued accumulation by very large wallets.

Crypto

Bitcoin retreats to $77,000 range as market focus turns to U.S.-China summit

Bitcoin is struggling to find a clear direction as gains fade near its 200-day moving average. It is trading in the $77,900 range after last week’s upward momentum eased. Profit-taking intensified as the price approached the 200-day line, while U.S. CPI and PPI readings above expectations added inflation concerns. Markets also reacted to progress on the CLARITY bill and to expectations for a U.S.-China summit and Middle East developments.

Industry

Hantavirus fears revive COVID-19 beneficiary stocks; Moderna and BioNTech in focus

Rising concerns about a possible spread of hantavirus are pushing medical and vaccine-related stocks back into focus after gaining attention during the COVID-19 pandemic. BeInCrypto reported that Moderna, Emergent BioSolutions and BioNTech entered reassessment phases in May. Moderna shares rose on stronger first-quarter sales, vaccine cooperation news and flu vaccine trial data publication. Emergent is focused on confirming a bottom amid weaker guidance. BioNTech faces a bearish technical pattern despite maintained revenue guidance.