Zerobase (ZBT) surged approximately 55% in five hours, triggering a total of $1.2 million in forced liquidations across major exchanges. According to data from Coinglass, the majority of these were sh...

Zerobase (ZBT) surged approximately 55% in five hours, triggering a total of $1.2 million in forced liquidations across major exchanges. According to data from Coinglass, the majority of these were short positions. The token is currently trading around 270 won on the South Korean exchange Upbit amid a short-term spike in trading volume. ZBT's market capitalization is approximately $44 million.

ZBT surges 55% in 5 hours, triggering $1.2M in liquidations

Market updates are rapid. If this downtrend (moving average) Vegas Tunnel is broken, there's a high probability of a short squeeze targeting 98,000-10,000 to capitalize on liquidity.

Market Update | BTC

Daily market data review and trend analysis, produced by PANews.
1. Market Observation: At the start of the new week, the precious metals market was the first to be affected. After spot silver broke through $84/ounce to reach a record high, it encountered profit-taking pressure, quickly plunging and turning into an intraday decline, eventually fluctuating around $78. This rollercoaster ride directly impacted related financial products. Spot gold retreated from its historical high of nearly $4550, while platinum and palladium both fell by close to or more than 7%. Besides the traditional logic of Fed rate cut expectations and continued central bank gold purchases, the market began pricing in "commodity control"...

Trading Moments: Silver plunges after hitting a new high; institutions warn of potential correction in precious metals; Bitcoin exhibits a "Dead Cat Bounce"?

The silver (XAG) market is entering a crucial week after the Chicago Mercantile Exchange (CME) announced it will raise margin requirements for the second time in just two weeks, effective Monday, 29/...