The post Crypto Liquidations Surge Past $2.2B as Bitcoin Tanks—XYZ Stays Strong Amid the Chaos With $6M Presale Milestone appeared on BitcoinEthereumNews.com.

The crypto market is reeling from a brutal wave of liquidations, wiping out over $2.2 billion in leveraged positions in a single day.  According to CoinGlass, more than 700,000 traders have been caught in the carnage, with the largest individual liquidation—a staggering $25 million—occurring on Binance in the ETH/BTC pair, now sitting at a multi-year low. Bitcoin Price Analysis: A Steep Drop with Rebound Potential Bitcoin (BTC) has suffered notable losses, dropping 8.11% in the past week and 3.64% over the past month. Currently trading near $94,000, BTC sits below its 100-day Simple Moving Average (SMA) of $101,918, indicating a short-term bearish trend. Despite this, technical indicators hint at a possible rebound. Bitcoin’s RSI stands at 34.61, nearing oversold levels, suggesting a potential upward correction. The key support levels are at $90,232 and $80,270—staying above these could prevent deeper losses. Meanwhile, breaking past the $110,157 resistance could trigger further upside, with the next resistance target at $120,119, representing potential gains of 17% to 28% from current levels. While the broader market faces turbulence, XYZ has remained resilient, surging past $6 million in presale funding. This strong investor confidence suggests that XYZ may be positioned for significant growth even amid the ongoing volatility. XYZ Defies Market Chaos with $6M Presale Milestone XYZVerse is a promising new meme coin. Awarded “Best NEW Meme Project,” it combines the excitement of sports with meme culture, attracting millions of fans who desire to be part of something bigger. Every great story needs a hero; not necessarily the biggest or strongest, but the one with enough passion and determination to persevere. That is XYZepe, the masked fighter, the unwavering believer, and the steadfast holder of $XYZ. His mission is to elevate XYZVerse to the top of CoinMarketCap and establish XYZ in crypto history. The CMC community…

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Filed under: News - @ February 4, 2025 11:20 pm