Analysis Today TheBitTimes.com

Bitcoin (BTC) crashed recently, dragging the entire cryptocurrency market down, with over $300 billion erased from the total capitalization since July 3. In the last 24 hours, over 230,000 crypto traders lost more than $660 million in long-squeeze liquidations. Finbold retrieved liquidation data from CoinGlass on July 5, evidencing the damage caused by this recent crash . In particular, $662.90 million of liquidations took place, with $565.08 million coming from long-position crypto traders . The long squeeze affected 233,088 traders , and Binance‘s ETH/USDT pair had the largest order, with $18.48 million. Yet, Bitcoin liquidated over $212 million from traders , while Ethereum (ETH) liquidated $167 million. They represent 32% and 25% of the total liquidations, respectively, of which 85% were from longs. Picks for you Will Mt. Gox rep...

The firm behind the “Crypto Wealth Report” said it received a spike in the number of crypto-related inquiries by millionaires in the last six months. A report released by London-based investment migration consultancy firm Henley & Partners suggests there were more than 40,000 crypto millionaires in the world holding Bitcoin.  According to the "Crypto Wealth Report” published on Sept. 5, Henley & Partners said there were roughly 88,200 millionaires worldwide with crypto holdings, with 40,500 holding Bitcoin (BTC). The report suggested that of 182 individuals who held more than $100 million worth of crypto, 78 were Bitcoiners. In addition, six out of 22 crypto traders who held more than $1 billion “amassed their fortunes from trading Bitcoin.” Crypto wealth statistics. Source: Henley & Partners Fortunly reported there were roughly 56.1 million millionaires on Earth as of July 2023, suggesting less than 0.2% had significant crypto holdings. The CEO of Henley & Part...