🚀 Bitcoin Futures Liquidation May Indicate Local Bottom
#Bitcoin #Futures #Liquidation #LocalBottom #CryptoQuant #BearishSentiment #SellingPressure #PriceDrops #MarketRecovery #BuyingPressure #BTC
According to BlockBeats, on October 4, a CryptoQuant analyst suggested that the liquidation of long positions might have established a local bottom for Bitcoin. Despite the prevailing bearish sentiment and technical indicators pointing to further potential declines, the level of long position liquidations in the Bitcoin futures market indicates a reduction in selling pressure. During significant price drops, the number of contracts purchased often decreases sharply due to liquidations, thereby alleviating market selling pressure.
On October 1, over 4,000 BTC long positions were liquidated, marking the second-largest liquidation event of 2024 according to CryptoQuant data. Typically, these high-loss and liquidation moments form local bottoms, opening the door for short-term recovery. Currently, prices may remain within the current range in the short term, but the strength of buying pressure needs to be monitored to reverse the downtrend.#Bitcoin #Futures #Liquidation #LocalBottom #CryptoQuant #BearishSentiment #SellingPressure #PriceDrops #MarketRecovery #BuyingPressure #BTC
🚀 Trader Shares Insights, Suggests Potential Upside for BTC and SOL
#BTC #SOL #Bitcoin #Solana #crypto #cryptocurrency #BlockBeats #marketupdate #localbottom #support #uptrend #priceaction #reinvest #momentum #analysis
According to BlockBeats, trader Eugene Ng Ah Sio shared insights on his personal channel, noting a shift in market dynamics since his last update. He observed that, contrary to his expectations of a market downturn, a local bottom has naturally formed over the past two weeks. Bitcoin (BTC) has maintained its position at $110,000, while Solana (SOL) has established a higher low with support at $200.Ng Ah Sio remarked that the charts now suggest a greater likelihood of an upward trend rather than a decline, although he remains skeptical about the potential to reach new highs. Despite his reservations, he has decided to reinvest in SOL, recognizing its status as a major cryptocurrency with strong momentum.#BTC #SOL #Bitcoin #Solana #crypto #cryptocurrency #BlockBeats #marketupdate #localbottom #support #uptrend #priceaction #reinvest #momentum #analysis
🚀 Ethereum Token Transfers Surge Amid Price Drop
#Ethereum #TokenTransfers #Crypto #PanicSelling #WeakHolders #Blockchain #ERC20 #CryptoOnchain #BlockBeats #EthereumPrice #CryptoMarket #LocalBottom #ETH
On February 11, CryptoOnchain reported on social media that Ethereum's price drop to the $2,000 range led to a sharp increase in Token Transfers, reaching 2.75 million, the highest level since August 2025. According to BlockBeats, this surge indicates panic selling and a significant shakeout of weak holders. Historically, such extreme activity often signals the exhaustion of selling pressure and the potential formation of a local bottom.
Token Transfers, measured by a 14-day moving average, is an on-chain data metric used to observe trends and intensity of token transfer activity on the Ethereum network or related blockchains. It typically refers to the simple moving average of all ERC-20 and similar standard token transfer transactions on the network over the past 14 days.#Ethereum #TokenTransfers #Crypto #PanicSelling #WeakHolders #Blockchain #ERC20 #CryptoOnchain #BlockBeats #EthereumPrice #CryptoMarket #LocalBottom #ETH