$185 Million in BitMEX Longs Liquidated

Data from DataMish shows $185 million worth of bitcoin contracts were liquidated on BitMEX for the last 24h, as bitcoin fell from $9,200 to $8,166.

Bitcoin Futures Volume on CME Records New 2020 Lows

CME’s Bitcoin futures volumes are depleting and so is the Open Interest OI. At press time, the volume for Bitcoin Futures on CME March 06, 2020 was at $88 million. The last time it was this low was on December 03, 2019, when the volume was $67 million.

OI, however, is holding up better than the volume. On March 06, 2020, OI was above $200 million $217 million. Considering the worsening macroeconomic situation, it seems more than normal; with stock markets plunging to record levels, this drop in Bitcoin Futures volume is acceptable.

Institutional investors might be reacting to the Coronavirus scare. The lockdown in Chinese markets and other countries around the world has caused the financial markets to experience a jerk.

It took almost 60 days to fill that Gap at 7675

HUGE Gap will be filled eventually, but this can take some time

Rough weekend for financial markets

​​The Latest Breaking News 📣

1. Tether prints 60 million USDT; all eyes on Bitcoin now — link

2. The Berkeley Blockchain Xcelerator reveals 17 Projects for Spring 2020 Cohort — link

3. US Congressman Tables Crypto Regulation Bill — link

4. Unibright and German startup pilot renewable energy from decentralized hydroelectric power plants — link

5. Venture studio Invests $3 Million in Crypto Firm First Digital Trust — link

6. Ledger Issues Warning Over Crypto-Stealing Google Chrome Extension — link

7. Canada Funds Blockchain Firms Looking to Trace Steel —link

​​📈Market Overview

Staring from 00:00, March 10 (UTC), BTC has been trying to break through the $8,000 threshold, which is also the first resistance level it faces.

The one-hour chart shows that the second and third resistance levels are around $8,400 and $9,000. However, the area between the first and the second levels is where the most resistance stems from. Bulls will find it a lot easier to breach $9,000 when they manage to tackle obstacles near $8,400.

Market capitalization has dropped to $ 233.3B
The BTC dominance is 62.02%

Bitcoin: Net Unrealized Profit/Loss

Simply put if more traders are profitable holding Bitcoin or not

​​March 9 The trading volumes of Bitcoin Options recorded a historic ATH - 198.7 million. It is noteworthy that this coincided with a local price reversal, at the time of writing, Bitcoin has broken the $ 8000 level, adding 6% to the value from the local low of $7700.

​​The big Alt-Push has made 106.35% profit. Congratulations.We take 6.35% fees. Please contact: @CryptoWorldTina for a payout. This Alt-Push was for people who invested 0.25BTC to 25BTC.

​​The small Alt-Push has made 36.19% profit. Congratulations. We take 6.19% fees. Please contact: @CryptoWorldTina for a payout. This Alt-Push was for people who invested 0.02BTC to 0.25BTC.

👆🏻 Next Alt-Push is ready! Contact @TinaCarterCrypto 📈✈️

​​“This is the first time I have felt that I need to buy bitcoin. There was too much panic and too few reasons in this fall, ” Edward Snowden

​​Crypto Market Drop Triggers Liquidations Across MakerDAO And Compound Lending Protocols

The data indicates that, at time of data collection, $4.19 million in ETH and roughly $120,000 worth of the USDC stablecoin has been liquidated in the past 24 hours.

MakerDAO, another DeFi lending platform, also saw a big uptick in the number of liquidations, according to available data.

​​How bitcoin looks now... What's your thought? Make your vote in the following poll.

​​TOP-5 PoS Assets by USD Volume Locked for Staking

Staking is one of the best passive income sources in crypto space.

Nevertheless, assets locked in stacking have lost 55% of their volume in USD from almost $13B in February 2020 to ~$6B at the moment.

On the chart below, you can see TOP-5 PoS networks by USD volume locked for staking. You can see most of them have more than 60% of supply locked for staking. This is the sign that longterm investors have strong faith in these projects. And if this indicator is below 50% we believe that the community is not so sure about project perspectives.

What would have Justin said about that? 🤔

​​The Latest Breaking News 📣

#1 Opera Browser Expands Its Crypto Buying Feature for the Entire EU and Four More Countries — link

#2 Binance Is Set to Acquire CoinMarketCap, the Deal Could be Worth as Much as $400 Million — link

#3 Telegram Hopes It Can Still Sell Tokens to Non-US Investors After Court Ruling — link

#4 French Central Bank Wants to Experiment with Integrating Digital Currencies — link

#5 Ethereum 2.0's Phase 0 Multiclient Testnets Will Likely Go Live in April, Predicts Vitalik Buterin —link

​​The small Alt-Push has made 20.10% profit. Congratulations. We take 5.10% fees. Please contact: @CryptoWorldTina for a payout. This Alt-Push was for people who invested 0.02BTC to 0.25BTC.

BTC 4h Update

🎯 EMA200 (our main target) was hit and we almost reached the top of the channel. Exactly like we expected

BCH halving is less than 5 days away and BSV reward per block halves in less than 7 days

Their halving is a whole month before BTC halving which means that for this upcoming 30 day window it will be double more profitable to mine BTC. More BTC miners theoretically means more selling pressure

BTC 4h update

EMA200 has proven itself to be a pretty tough resistance: we got two fake breakouts

Now we are headed down
📍Critical support to watch is 6.3-6.5k range: we got MA50 + EMA100 + the mid line of the channel coming there

Keep an eye on the RSI. Looks like we are going to test the declining trendline - former resistance