CandleFocus Bitcoin, Majors Dip on Leverage Flush; CAT Token Runs Up 60% on Futures Listing
2024-10-22
Author: Content Editor
Bitcoin reached a high of $70,000 over the weekend but dropped by 2.2% to just above $67,000, along with other major cryptocurrencies like ETH, TON, and ADA. The decline led to over $165 million in long positions being liquidated, indicating significant leverage use. Market analysts predict a rangebound week for BTC and ETH, as they have yet to surpass key resistance levels. Simon's Cat token saw a 63% jump in price after a futures listing on Binance, while traders warned of a lack of fundamental catalysts for the market.
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