Gold Approaches Historic Levels

Gold’s momentum shows no signs of slowing. Spot gold reached $4,874, and after three consecutive sessions of gains, it is testing the critical $4,900 threshold. Some analysts argue this could be a short-term move, yet the market increasingly reflects metals regaining value.

At this point, global liquidity pressures play a key role. Risky assets like cryptocurrencies and tech stocks are under pressure, while safe-haven assets such as gold and commodities benefit.

Cowen’s Take: Metals vs Crypto

Benjamin Cowen summarizes the situation:

“In 2025, metals outperformed cryptocurrencies, and 2026 is likely to follow the same pattern. When metals eventually correct, cryptocurrencies could fall further.”

He also cautions altcoin investors:

“Altcoins are not long-term investments. Bear markets teach us to restart and focus on what truly matters.”

Institutional Voices and Market Guidance

Goldman Sachs’ Daan Struyven reaffirmed the bank’s confidence in gold. According to their base case, gold could reach $4,900 per ounce, with upside risks still present. Not only individual investors, but institutional players are closely watching this movement.

Geopolitical Risks Keep Markets on Edge

Geopolitical tensions add another layer of stress. Trump reiterated that he will not back down on Greenland and threatened a 10% tariff on imports from eight European countries starting February. Everyone in the market is talking about this threat. At Davos, Macron and EU officials are preparing countermeasures. France’s President directly criticized Trump’s tactics, while the EU plans a $100+ billion retaliation package. At this point, no agreement has been reached, and uncertainty remains high.

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The post Cowen’s Forecast: Bitcoin and Altcoins Could Fall Further appeared first on Coin Engineer.

The largest single liquidation occurred on the Hyperliquid exchange in the BTC-USD pair, amounting to $6.31 million. This data highlights once again the risks associated with high-leverage trading in the Bitcoin market.

Ethereum and Bitcoin Lead Liquidations

Ethereum (ETH) positions saw $50.04 million in liquidations, while Bitcoin (BTC) positions accounted for $26.14 million. These two major cryptocurrencies made up the bulk of total liquidations. Additionally, Solana (SOL) recorded $18.77 million, and BNB had $4.51 million in liquidations, drawing attention in the market.

Crypto liquidation data shows that the market is vulnerable to sudden price movements. Leveraged trades in the altcoin market, in particular, have contributed significantly to these liquidations.

Long Positions Under Pressure

The liquidation ratio in long positions reached 73%. In the last four hours, $302.61 million was liquidated, with $220.89 million coming from long positions and $81.72 million from short positions. This indicates that price corrections are primarily targeting leveraged long positions.

A “long squeeze” effect has been observed among investors, and some market analysts suggest this may result in a short-term consolidation in Bitcoin prices.

Hyperliquid and Bybit Top Exchanges in Liquidations

The largest liquidation volumes among exchanges were observed on Hyperliquid:

• Hyperliquid: $128.68M → 54.7% short-heavy

• Bybit: $59.43M → 97.1% long-heavy

• Binance: $56.13M → 92.6% long-heavy

• Gate.io: $23.97M → 97.1% long-heavy

• OKX: $23.02M → 86.9% long-heavy

The short-heavy position on Hyperliquid suggests that traders on this platform use different leverage strategies, while the long-heavy positions on Bybit and Binance indicate a market sentiment primarily driven by bullish expectations.

What Do Crypto Liquidation Data Mean?

According to CoinGlass liquidation maps, this recent massive wave of liquidations shows that the market is being cleared of excessive leverage. Such movements usually signal that the market is seeking balance after short-term corrections.

Experts note that crypto liquidation data is an important indicator for investors, reflecting the market’s “cleanup” phase. However, as long as leveraged trading continues, the risk of liquidation remains.

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The post Shock Liquidation in Crypto Market: $545 Million Wiped Out! appeared first on Coin Engineer.

Bitcoin’s Key Intraday Levels

The BTC/USDT pair lost 0.57% in the last 24 hours and is currently trading at $95,552. Bitcoin (BTC) reacted from the FVG zone mentioned in the November 29 analysis. If the decline continues, it could bounce back from the next FVG zone’s support level at $94,700. A 4-hour close below this level may push it towards the next support at $93,150. Resistance levels are $97,300 and the all-time high zone.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Ethereum (ETH): The ETH/USDT pair dropped 0.85% in the last 24 hours and is currently at $3,625. For Ethereum (ETH), the resistance levels are at $3,649 and $3,886, while support levels are found at $3,535 and $3,440.

IOTA (IOTA): The IOTA/USDT pair surged 41.91% in the last 24 hours, trading at $0.49. Resistance levels are $0.52 and $0.56, while support zones are $0.42 and, if the decline deepens, $0.38.

Ondo (ONDO): The ONDO/USDT pair gained 41.59% in the last 24 hours and trades at $1.69. The resistance level is at the all-time high zone, while support is located at $1.60, with deeper support at $1.485.

ChainLink (LINK): The LINK/USDT pair increased 30.62% in the last 24 hours and trades at $25.57. Resistance levels are $27 and $28.5, while support zones are $23.75 and $22.5 if the drop deepens.

Trending Coins

Over the past 24 hours, the most trending coins in the crypto market include XRP (XRP), Ondo (ONDO), and Hedera (HBAR). The top gainers are XYO Network (XYO), Moo Deng (MOODENG), and IOTA (IOTA). The top losers include Gigachad (GIGA), SPX6900 (SPX), and AIOZ Network (AIOZ).

Bitcoin Liquidation Map

On Bitcoin’s 12-hour liquidation map, notable liquidations include $41.5 million at $96,933 on the upside and $41.5 million at $95,010 on the downside.

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The post The Latest on Bitcoin and Cryptocurrencies: December 3 appeared first on Coin Engineer.