According to blockchain analytics firm Lookonchain, Qwatio opened $55 million worth of Bitcoin (BTC), $36 million worth of Ethereum, and $7.3 million worth of Fartcoin positions. All of these positions were short. However, the market’s sharp rise quickly liquidated the trader’s positions associated with wallet code 0x916E. 

Detailed Losses According to Lookonchain Data 

Lookonchain revealed that Qwatio first lost 16.28 million USDC. Then, to increase his leveraged position, he deposited another 10 million USDC to Hyperliquid. Yet, the rise in Bitcoin and Ethereum prices turned his short-selling strategy into a disaster. 

Gambler @qwatio's massive short positions worth $334M were fully liquidated in just 3 hours, including: 1,743 $BTC ($211M), 33,743 $ETH ($102.3M), and 15M $FARTCOIN ($20.6M).

His wallet (0x916E) is now down nearly $25.84M in total losses. https://t.co/RwVCmLe4rK pic.twitter.com/Ed1jXyaYEY

— Lookonchain (@lookonchain) July 14, 2025

Qwatio’s total $334 million short position was liquidated within just 3 hours. The liquidations included 1,743 Bitcoins valued at $211 million, 33,743 Ethereum worth $102.3 million, and 15 million Fartcoins worth $20.6 million. These liquidations resulted in a total loss of $25.8 million. 

Crypto analytics platform EmberCN highlighted that the trader’s previous $26 million profit was nearly wiped out by these two short positions. 

Profits During Trump Era and Subsequent Decline 

Qwatio’s success started with “long” trades opened before former US President Donald Trump’s “crypto reserve” announcement in March 2025. During this period, the trader earned $6.8 million and made another $3.5 million from MELANIA coin. 

However, at the end of June, he experienced 8 liquidations, losing $12.5 million. With the recent loss, his total losses have approached $38 million. 

Other Leveraged Traders Also Impacted 

Bitcoin’s rapid rise affected not only Qwatio but many traders with short positions. Approximately $600 million worth of leveraged positions were liquidated in the last 24 hours. 

One of them was James Wynn. Wynn opened a short position betting Bitcoin would fall but lost his entire $100 million investment. This highlights the risks traders face when using high leverage in volatile markets. 

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The post $25.8 Million Loss! Bitcoin Rally Shakes the Market appeared first on Coin Engineer.

What’s the Current Outlook for Altcoins?

A recent Bloomberg report casts a shadow over the altcoin market, even as Bitcoin approaches one of its strongest monthly closes ever. Smaller and mid-cap cryptocurrencies seem unable to match BTC’s bullish momentum.

A striking chart from MarketVector illustrates the divergence: the purple line shows Bitcoin, while the blue line represents small-cap altcoins. Both surged in November, following Donald Trump’s reelection. But since then, they’ve taken opposite paths — Bitcoin has climbed 73% in the past year, while smaller altcoins have dropped roughly 40%.

This small-cap index includes lesser-known tokens like Maker, Worldcoin, BONK, and Fartcoin. Notably, major altcoins like Ethereum, XRP, and Solana are excluded from this basket.

How Are Leading Altcoins Performing Compared to BTC?

The MarketVector Digital Assets 10 Index, which includes top-tier cryptocurrencies, shows a different story. BTC holds a 31% weight in this index, followed by ETH at 30%, XRP at 13%, BNB at 9.5%, and Solana at 8%.

Key takeaways include:

• Altcoin exposure diluted the index’s performance

• Ethereum, down 26.5% since June 2024, dragged returns significantly

• XRP, with a massive 363% rally, contributed the most despite its modest share

• Solana struggled as hype around meme coins diminished

Nick Philpott, co-founder of Zodia Markets, gave a blunt assessment:
“I think they’ll just die out. Technically, many of them will just sit there collecting dust forever.”

Unfortunately, some metrics back this up. Bitcoin dominance — the percentage of the total crypto market it commands — has grown from 53% to 64% over the past year. This came largely at Ethereum’s expense, as its share shrank from 18% to 9%.

Still, the rest of the altcoin market has maintained a relatively stable 26% share.

Data from CoinGecko shows a significant spike in dead tokens. Since 2021, over 3.7 million altcoins have launched, and more than half have failed. Alarmingly, 1.8 million tokens collapsed in just the first quarter of 2025. A major reason? The pump.fun platform, which lets anyone create a coin — resulting in an oversupply of low-quality meme tokens.

Is Another Altseason Possible?

Analysts remain split. Some, like Blockstream’s Adam Back, believe altcoin speculation is over, urging investors to focus on BTC and treasury-heavy firms like MicroStrategy and Metaplanet.

Others, like Xu Han of HashKey Capital, say only a few selected altcoin projects might deliver substantial gains — suggesting the days of broad-based speculative rallies are behind us.

For some altcoins, securing ETF approval could be the only path to survival. Mergers and consolidations may also reshape the altcoin landscape moving forward.

According to CoinMarketCap, we are firmly in a “Bitcoin season” — and that doesn’t appear likely to change anytime soon.

This content is not intended as investment advice. Cryptocurrency markets are high risk and it is important to do your own research before making any investment decisions.

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The post Are Altcoins Dying? What the Data Shows appeared first on Coin Engineer.

Coinbase Updates Its Roadmap! Sonic (S) is Being Listed!

The exchange will now share all future listing decisions only through the “Roadmap” section and its official social media accounts. This step aims to eliminate information asymmetry and enable users to act more consciously.

Assets added to the roadmap today: Sonic (S)https://t.co/rRB9d3hSr2

— Coinbase Assets (@CoinbaseAssets) June 12, 2025

Warning: The presence of a crypto asset on the Roadmap does not mean that trading is immediately available. If assets are deposited before an official listing announcement is made, users may experience a loss of funds.

Recently Approved Assets for Listing

• On the Ethereum (ERC-20) Network: QCAD, PancakeSwap (CAKE)

• On the Arbitrum Network: Subsquid (SQD)

• On the Solana Network (SPL Token): Fartcoin

• On the Sonic Network: Sonic (S)

Note: This list includes only a few of the assets. Coinbase’s listing process is based on strict legal, technical, and security standards. The popularity or high market value of an asset does not guarantee that it will be listed.

Experimental Tag and Risk Warning

The exchange may list some new assets with an “Experimental” tag. This indicates that the relevant assets may carry higher risk.

The company states that some listings may be delayed or canceled from time to time due to technical or legal reasons. Therefore, it is crucial for investors to always be cautious and follow only official announcements.

This content does not constitute investment advice. Markets carry high risk, and it is important to conduct your own research before making investment decisions.

Also click to read our project review article titled What is Sonic (S)?

In the comment section, you can freely share your comments about the topic. Additionally, don’t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

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ACT Coin Plunges by 65%

One of the biggest losses of the day was seen in ACT, which dropped 65% from $0.19 to $0.0681. Binance released a statement explaining:

• Three VIP users sold $514,000 USDT worth of ACT on Binance’s spot market.
• A non-VIP user transferred a large amount of ACT into their account and sold $540,000 USDT worth of it.

This sudden price drop led to the liquidation of futures positions and caused declines in other low market cap tokens. Binance stated that no single account was identified as making a significant profit from the incident so far.

COMP Coin Listed on Upbit

One of South Korea’s largest crypto exchanges, Upbit, officially listed COMP today. The listing significantly increased its trading volume and investor interest.

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VanEck BNB ETF Registered in Delaware

VanEck completed the official registration process for a BNB Exchange-Traded Fund (ETF) in Delaware. This move may increase institutional investor interest in BNB and positively impact its price.

MASK Coin Drops 53%

MASK saw a sharp 53% decline, falling from $2.53 to $1.35. This major drop is part of the broader sell-off seen among low-cap altcoins.

Other Trending Coins and Developments

• SUI
• DEXE
• PEPE: Leading among meme coins in trading volume.
• EOS
• WAL
• FARTCOIN

These market fluctuations highlight the importance of careful investment strategies. Stay tuned for more updates and in-depth analysis!

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The post What Are Today’s Trending Coins in the Crypto Market? appeared first on Coin Engineer.

Bitcoin Key Levels for the Day

BTC/USD has dropped 2.65% in the last 24 hours, currently trading at $95,844. Bitcoin (BTC) lost the $98,331 support, experiencing a correction. To resume its uptrend, BTC must reclaim $98,331 as resistance. Key support levels are $94,886 and $92,053.

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Ethereum (ETH): ETH/USDT has declined 4.40% in the last 24 hours, currently trading at $2,602. Resistance levels are $2,724, followed by $2,877. Support levels are $2,532 and $2,366.

FTX Token (FTT): FTT/USDT has gained 0.74% in the last 24 hours, currently trading at $2.0147. Resistance levels are $2.0205, followed by $2.2338. Support zones are $1.8059, with a deeper decline leading to $1.6427.

Sonic (S): S/USDT has increased 0.39% in the last 24 hours, currently trading at $0.4665. Resistance levels are $0.4807, followed by $0.5140. Support levels are $0.4119, with a deeper decline leading to $0.3670.

MANTRA (OM): OM/USDT has dropped 1.03% in the last 24 hours, currently trading at $5.8732. Resistance levels are $6.1344, followed by $6.4807. Support levels are $5.6678, with a deeper decline leading to $5.3793.

Trending Coins

The most trending coins in the last 24 hours are Solayer (LAYER), B3 (B3), and Koma Inu (KOMA). The top gainers are B3 (B3), Ket (KET), and AB DAO (AB), while the biggest losers are Fartcoin (FARTCOIN), aixbt by Virtuals (AIXBT), and Toshi (TOSHI).

Bitcoin Liquidation Map

In Bitcoin’s 12-hour liquidation heatmap, the largest liquidity cluster above is at $96,570 with $39.83 million in liquidations. The most significant liquidity level below is at $94,388, with $46.78 million in liquidations.

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The post The Latest on Bitcoin and Cryptocurrencies: 12 February appeared first on Coin Engineer.

Bitcoin Key Intraday Levels

The BTC/USDT pair has gained 1.96% in the last 24 hours and is currently trading at $104,780. Bitcoin (BTC) continues its decline after breaking the previously identified support level at $105,766. To resume an uptrend, BTC needs to close above the $105,766 resistance level. Key support levels are at $102,584 and $101,395.

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Ethereum (ETH): The ETH/USDT pair has gained 0.46% over the last 24 hours and is now trading at $3,298. Resistance levels for ETH are first at $3,440 and then at $3,535. Support levels are at $3,290 and $3,217.

Worldcoin (WLD): The WLD/USDT pair has increased by 13.91% in the last 24 hours and is currently trading at $2.14. Resistance levels for WLD are $2.30 and $2.46. Support levels are at $2.14, with further downside support at $1.96.

Bonk (BONK): The BONK/USDT pair has gained 12.50% in the last 24 hours and is currently trading at $0.00003265. Resistance levels for BONK are $0.00003478 and $0.00003725. Support levels are $0.00003220, with additional support at $0.00003004 if the decline deepens.

Hyperliquid (HYPE): The HYPE/USDT pair has increased by 13.60% over the last 24 hours and is currently trading at $26. Resistance levels for HYPE are $29 and $31.88, while support levels are $26.36 and $22.90 in the event of a deeper decline.

Trending Coins

Over the last 24 hours, the most trending coins in the crypto market include Official Trump (TRUMP), Plume (PLUME), and Melania Meme (MELANIA).
The top gainers include VeThor (VTHO), Plume (PLUME), and AI Rig Complex (ARC).
The biggest losers are Melania Meme (MELANIA), Official Trump (TRUMP), and Fartcoin (FARTCOIN).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the notable liquidation on the upside is $43.28 million at the $106,876 level, while the downside shows $39.60 million at $103,398.

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The post The Latest on Bitcoin and Cryptocurrencies: 22 January appeared first on Coin Engineer.

Key Levels for Bitcoin Today

The BTC/USDT pair gained 1.40% in the last 24 hours and is currently trading at $94,855. Bitcoin (BTC) saw a significant rebound after testing the previously mentioned $92,503 support level. For further upward movement, BTC needs to close above the $94,703 resistance level. Key support levels are located at $93,138 and $92,503.

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Ethereum (ETH): The ETH/USDT pair lost 0.82% in the past 24 hours and is currently trading at $3,172. Resistance levels for Ethereum (ETH) are seen at $3,217 and $3,290, while support levels lie at $3,091 and $2,994.

Fartcoin (FARTCOIN): The FARTCOIN/USDT pair surged 31.16% in the last 24 hours and is trading at $1.01. Resistance levels for FARTCOIN are at $1.14 and $1.26, while support levels are located at $0.95 and $0.77 if the decline deepens.

Aave (AAVE): The AAVE/USDT pair gained 4.48% in the past 24 hours and is trading at $285.79. Resistance levels for Aave (AAVE) are $296.56 and $308.66, while support levels are seen at $272.14 and $256.61.

Ondo (ONDO): The ONDO/USDT pair rose 3.27% in the last 24 hours and is trading at $1.18. Resistance levels for Ondo (ONDO) are at $1.22 and $1.30, while support levels lie at $1.14 and $1.09.

Trending Coins

The most trending coins in the crypto market over the past 24 hours include Virtuals Protocol (VIRTUAL), ai16z (AI16Z), and Sonic (prev. FTM) (S).

Top gainers are Ava AI (AVA), Fartcoin (FARTCOIN), and aixbt by Virtuals (AIXBT), while top losers are CHEX Token (CHEX), Dog (Bitcoin) (DOG), and aixbt by Virtuals (AIXBT).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, a significant upper-side liquidation cluster of $34.23M is observed at the $95,912 level. On the downside, a $34.91M liquidation cluster is seen at $93,762.

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The post The Latest on Bitcoin and Cryptocurrencies: 14 January appeared first on Coin Engineer.

In a period where Bitcoin is targeting the $100,000 mark and there is significant volatility in altcoins, this trader has achieved impressive gains.

By investing early in AI-focused altcoins, the trader has accumulated a total of $17.6 million in profit. According to data from blockchain tracking platform Lookonchain, here are the altcoins the trader invested in and their earnings:

• $5.1 million from GOAT coin,
• $4.5 million from ai16z coin,
• $4 million from Fartcoin,
• $4 million from ARC coin.

Preferring to invest when market capitalization is low, this trader has made significant gains from early investments. Recently, he invested $62,000 in the GOAT coin when its market cap was only $2 million.

Now with GOAT’s market cap surpassing $520 million, the trader has earned over $5 million in profit and realized it by selling all his tokens.

Additionally, the trader invested in ai16z, which had a market cap of $22 million at the time, and still holds $2.9 million worth of tokens. ai16z’s market cap is now close to $2 billion.

After Fartcoin saw a more than 500% increase over the last month, the trader, who invested when its market cap was $7 million, is now over $4 million in profit. However, he still holds $3.5 million worth of tokens, expecting further increases.

The trader also invested in ARC, which had a market cap of $15 million at the time. With the market cap now at $344 million, he only sold $210,000 worth of tokens and continues to hold most of his profits.

Today, the trader made 5 more new altcoin purchases, adding Create, Pippin, SANDY, MOLE, and FORGE coins to his portfolio.

These purchases created significant buzz on social media, leading to substantial increases in token prices:

• Create: +240%,
• SANDY: +80%,
• FORGE: +60%,
• Pippin: +30%,
• MOLE: +45%.

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The post Early Investment in These 4 Altcoins Earns Trader $17.6 Million! appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

BTC/USDT has dropped by 1.36% in the last 24 hours and is currently trading at $93,769. Bitcoin (BTC) seems to have bounced back from the $93,138 support, as highlighted in previous analyses. If it continues its upward movement, the resistance level lies at $94,703. On the downside, support levels are $93,138 and $92,503.

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Ethereum (ETH): The ETH/USDT pair has gained 0.42% in the last 24 hours and is currently trading at $3,416. For ETH, resistance levels are $3,440 and then $3,535, while support levels lie at $3,290 and $3,217.

Filecoin (FIL): The FIL/USDT pair has dropped by 2.37% in the last 24 hours and is now trading at $5.02. Resistance levels for FIL are $5.26 and $5.50, while support zones are $4.92 and $4.42 in case of deeper declines.

Injective (INJ): The INJ/USDT pair has declined by 1.49% in the last 24 hours and is trading at $20.70. Resistance levels for INJ are $21.39 and $22.94, while support zones are $20.09 and $18.49.

Worldcoin (WLD): The WLD/USDT pair has dropped by 3.08% in the last 24 hours and is trading at $2.15. Resistance levels for WLD are $2.30 and $2.46, while support zones are $2.13 and $1.96 in case of further drops.

Trending Coins

In the last 24 hours, the most trending coins in the crypto market are Virtuals Protocol (VIRTUAL), ai16z (AI16Z), and PHALA (PHA).

The top gainers are Zerebro (ZEREBRO), Peanut the Squirrel (PNUT), and Fuel Network (FUEL). Meanwhile, the biggest losers are Fartcoin (FARTCOIN), CHEX Token (CHEX), and Moca Network (MOCA).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map:

• $94,881 has a notable liquidation cluster worth $20 million on the upside.
• On the downside, $92,923 holds $29.80 million in liquidations.

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The post The Latest on Bitcoin and Cryptocurrencies: December 30 appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

The BTC/USDT pair has lost 2.03% in value over the last 24 hours and is currently trading at $93,997. Bitcoin (BTC) has lost the previously mentioned $94,700 support level. If it starts rising again, the resistance level is $94,700. The support levels are $93,138 and $92,503, respectively.

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Ethereum (ETH): The ETH/USDT pair has lost 0.42% in the last 24 hours and is currently trading at $3,393. The resistance levels for ETH are $3,440, followed by $3,535. The support levels are $3,290 and $3,217.

Zcash (ZEC): The ZEC/USDT pair has gained 14.08% in the last 24 hours and is currently trading at $69.23. The resistance levels for ZEC are $74.61 and later $79.37. The support levels are $67.36 and, in case of a deeper decline, $63.17.

Bittensor (TAO): The TAO/USDT pair has gained 7.37% in the last 24 hours and is currently trading at $493.29. The resistance levels for TAO are $507.6, followed by $529.4. The support levels are $438.7 and, if the decline deepens, $398.8.

Cronos (CRO): The CRO/USDT pair has gained 2.49% in the last 24 hours and is currently trading at $0.1599. The resistance levels for CRO are $0.1624 and later $0.1711. The support levels are $0.1523 and, in case of a deeper decline, $0.1432.

Trending Coins

The most trending coins in the crypto market in the last 24 hours are RabBitcoin (RBTC), Pudgy Penguins (PENGU), and Koma Inu (KOMA). The top gainers include Horizen (ZEN), Supra (SUPRA), and Fartcoin (FARTCOIN). On the other hand, the biggest losers are Moca Coin (MOCA), Ethena (ENA), and Fantom (FTM).

Bitcoin Liquidation Map

Looking at the 12-hour liquidation map for Bitcoin, the most notable liquidation on the upper side is at $94,885 with $23.65 million. On the lower side, a significant liquidation is at $92,973 with $20.88 million.

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