Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
What's Hot

HashKey Chain introduces the first tokenized real estate RWA in Hong Kong

2026-03-07

Here’s why Bitcoin price shouldn’t fall to $54,000: Analyst

2026-03-07

Expert Says XRP Price Could Reach $1,000 By The End Of 2026 If This Happens

2026-03-07
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    HashKey Chain introduces the first tokenized real estate RWA in Hong Kong

    2026-03-07

    What BEP2 holders need to know

    2026-03-07

    SoFi uses BitGo to power the distribution of its SoFiUSD stablecoin

    2026-03-07

    Interoperability is ‘essential’ for digital assets to reach their full potential: DTCC

    2026-03-07

    A groundbreaking leap into the consumer future of decentralized AI

    2026-03-07
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Refusing new IRS crypto tax forms could cost you your exchange account

    2026-03-07

    US lawmakers consider ban on prediction markets amid bets on Iran

    2026-03-06

    De volatiliteit van Bitcoin zou in april kunnen exploderen als SEC de markt achter de ETF-leverage beoordeelt

    2026-03-06

    Crypto company Kraken secures a direct link to Federal Reserve payments

    2026-03-04

    Bitcoin’s $85 billion derivatives engine may move onshore as CFTC eyes April approval

    2026-03-04
  • Analysis

    XRP Bull Flag Breakout After 8-Month Consolidation to Send Price to $11

    2026-03-07

    Billionaire Peter Thiel dumps a $74,400,000 stake in three assets, including one of Warren Buffett’s favorites

    2026-03-07

    Bitcoin Price Rally Slows, Consolidation Signals Possible Next Step

    2026-03-07

    XRP Price Ladder Shows What Conditions Are Needed for $18, $100, and $500

    2026-03-07

    Bitcoin’s rally from $73,000 faces a crucial test as momentum looks to change

    2026-03-06
  • Learn

    What Is Wrapped ETH (WETH) and Why Do You Need It in DeFi?

    2026-03-06

    What Is Crypto Protocol and Why Coins Need It

    2026-03-04

    Wat is Liquid Proof-of-Stake: uitgelegd voor beginners

    2026-03-02

    The 9 Most Common Crypto Scam Types

    2026-03-02

    Sidechains Explained: What They Are, How They Work, and Why They Matter

    2026-02-20
  • Blog
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Conflux [CFX] Extend 40% in a day as short orders: what now?
Altcoins

Conflux [CFX] Extend 40% in a day as short orders: what now?

2025-07-20No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Important collection restaurants

Conflux consolidated more than four months and increased more than 40% in one day after the outbreak. As more statistics show bullish circumstances, meS this the start of the CFX meeting?


As the weekend ends after a fascinating ‘crypto week’, few altcoins achieved more than 10% profit per day. This was potentially the cause of the increase in the current week.

On that comment, conflux [CFX] and Tezos [XTZ] were to the best artists in the last 24 hours, with the two rising around 40% in 24 hours from the moment of the press.

What is the next step after the increase in CFX?

Looking at the technical prospects of the price diagram of conflux, showed that the Altcoin was broken above consolidation that had been present for about four months.

CFX broke over $ 0.10 zone with a large momentum, which led to the 40% positive change in its market value.

However, CFX can expose the persistent price increase to a correction. The clear level where a large obstacle can be achieved seems to be $ 0.18, according to the price structure.

Conflux CFXConflux CFX

Source: TradingView

If CFX did a retest, the $ 0.10 seemed to be the optimum zone where this could happen. As an alternative, the constant momentum of the Altcoin can overthrow the chances of correction.

More bullish drawing!

As the indictment remained, more Bullish ruled, especially on the derivative markets as opposed to spot. The volume of CFX rose by 374% to $ 551.55 million.

This was supported by Open Interest (OI) that was 109% higher than that of the previous day.

See also  JIGO leads NFTs for the second day in a row with $1.64 million in sales

Moreover, the total long/short ratio between different top exchanges was above 1 Mark, which suggests that traders bought CFX. The one of top traders was higher, which means that the smart one also bet higher prices.

CFXCFX

Source: Coinglass

For liquidations in the last 24 hours, CFX saw more shorts eliminated as the price pumped.

From the moment of the press, about the one -hour period, CFX saw more than $ 700k, while the higher almost $ 1 million received liquidations.

Buyers outweigh sellers

Insulating trade on Binance Futures, the Heatmap showed that traders delivered too much on lungs while reducing them from shorts.

The 50x and 25x leverage rose after the price broke out above $ 0.10 and became more pronounced the price $ 0.15 approached.

On the other hand, CFX -Korted orders were reduced by 50 times that only appeared on the range of $ 0.15. This priority suggested that short traders became exhausted.

That said, the cumulative short liquidation lever was around $ 1 million, while Longs’s was almost $ 8 million. This meant that an inequality of almost 8 times that confirmed buyers had surpassed sellers.

Conflux CFXConflux CFX

Source: Coinglass

Walking, the price of conflux showed, but potential on his head, but caution was justified with regard to the pump. That said, reasonable pullbacks can be used for price controls.

Next: Ethereum: Overbought and overcrowded, does ETH owe for a cooldown?

Source link

CFX Conflux Day Extend orders Short
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Expert Says XRP Price Could Reach $1,000 By The End Of 2026 If This Happens

2026-03-07

Analyst Predicts Conservative XRP Price If It Follows 2017 Run

2026-03-07

Bitcoin is losing steam – $66,000 now the line between recovery and crash

2026-03-07

Ethereum Rising Wedge Warning: A disruption could send the price to $1,500

2026-03-07
Add A Comment

Comments are closed.

Top Posts

Hong Kong’s financial regulators are prepared for spot crypto ETF applications

2023-12-23

Spain requires disclosure of foreign-owned crypto assets over €50,000 for tax purposes

2023-11-28

This is what happened today in Crypto – BTC, inflation data, sec and more

2025-01-31
Editors Picks

Solana (SOL)-based decentralized real estate trading platform token rises and falls after listing on Coinbase

2024-12-20

Analysts Signal Potential New ATH for BTC

2024-02-12

Massive Bitcoin Awakening: 2 Physical Coins Unlock after 13 Years $179 Million

2025-12-06

Algorand Foundation revolutionizes the music industry with Web3

2023-11-14

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

HashKey Chain introduces the first tokenized real estate RWA in Hong Kong

Here’s why Bitcoin price shouldn’t fall to $54,000: Analyst

Expert Says XRP Price Could Reach $1,000 By The End Of 2026 If This Happens

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
© 2026 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.