Giant Whale Suffers Millions in Losses on This Altcoin After a Major Short Position

PANews reported on September 6th that Coinglass data showed that over the past 24 hours, the cryptocurrency market saw $91.373 million in liquidated contracts across the network, including $44.7798 million in long positions and $46.5932 million in short positions. The total amount of BTC liquidations was $8.7795 million, and the total amount of ETH liquidations was $19.6219 million.

PANews reported on September 6th that Joe Burnett, head of strategy at Bitcoin treasury firm Semler Scientific, wrote on the X platform that the market is currently at the end of what Ray Dalio calls a long-term debt cycle, meaning stocks are being bid up to extreme valuations, real estate is being bid up to extreme valuations, and fixed income products are also at extreme valuations. The ultimate result of a long-term debt cycle is the devaluation of fiat currencies. The only way out is hard currency. Gold was the hardest currency in the past, and Bitcoin is the hardest currency today. Bitcoin has the potential to completely destroy all asset classes.

The Dogecoin price has been moving sideways, leaving many traders underwhelmed. But while DOGE drifts, a new contender is gaining serious momentum. Layer Brett, an Ethereum Layer 2 project, has already raised over $2.8 million in its crypto presale and is priced at just $0.0055. Analysts are now calling it a potential 100x altcoin, setting [...] The post Dogecoin Price Stalls While Analysts Tip Layer Brett as the Next Meme Leader appeared first on Blockonomi.