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13:21
Dogecoin short sellers face a wave of sell-offs, with liquidation imbalance reaching 4,578%.
According to a report by Bijie Network: Dogecoin (DOGE) has experienced a significant price surge, triggering large-scale liquidations, with the gap between short and long positions reaching as high as 4,578% in the past four hours. As DOGE's price rose by more than 3%, climbing from $0.1214 to an intraday high of $0.1273, short sellers suffered losses of up to $261,980. Boosted by Bitcoin's rebound above $89,000, DOGE's trading volume also increased by 29.61%, reaching $1.24 billion. Analysts believe that if DOGE can hold the support level at $0.1243, it may signal a further price increase to $0.16.
13:20
Saber integrates with Circle payment network to enhance global withdrawal capabilities
According to CoinWorld, Saber, a cross-border payment infrastructure powered by Mudrex, has integrated with the Circle Payments Network, becoming one of its beneficiary financial institutions. This enables Saber to provide instant fiat withdrawal services for global enterprises using stablecoins such as USDC, and to achieve real-time settlement around the clock. With an annual transaction volume exceeding 1.5 billions USD, the platform aims to enhance enterprises' liquidity access and reduce currency conversion costs.
13:18
Long-term holders accelerate selling, Bitcoin price underperforms traditional markets
Long-term holders have sold approximately 143,000 bitcoins in the past 30 days, marking the fastest pace of selling since August. This wave of selling has reversed the brief accumulation phase that occurred from late December last year to early January this year. The sell-off by long-term holders is putting pressure on the price of bitcoin, while traditional financial markets continue to rise.
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