Whale Who Bet Against XRP Liquidated, Dogecoin Futures on Coinbase Spike 24%, Bitcoin Mining Difficulty Hits ATH – Crypto News Digest
Main Idea
A crypto whale's short positions on XRP and other cryptocurrencies resulted in significant losses, while Dogecoin futures surged on Coinbase and Bitcoin mining difficulty reached a new all-time high.
Key Points
1. A whale shorting XRP, BTC, ETH, and SOL faced over $650,000 in losses as XRP surged past the entry price of $2.894.
2. Dogecoin futures open interest on Coinbase spiked 24%, reaching a two-month high, reflecting renewed bullish sentiment.
3. Bitcoin mining difficulty hit a new all-time high of 127.6 trillion, with a 9% increase over 30 days and 7.14% over 90 days.
4. The whale's XRP short position was the worst-performing, with the token moving substantially above the entry price.
5. DOGE futures activity on Coinbase surged to 70,410,000 DOGE, the highest daily open interest since June 10.
Description
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