Bitcoin drop to $89,000 leads to $1 billion liquidations for bullish BTC bets

Share This Post

Roughly 92% of the $1.09 billion in liquidations came from long bets, indicative of how heavily traders had been positioned for further gains before prices reversed.

Related Posts

Buterin Says Ethereum Foundation Is Not the ‘Center’ of Ethereum

Ethereum co-founder Vitalik Buterin responded to growing criticisms of...

Coinbase does not fear competition from Wall Street, says exchange executive

Coinbase is not at all concerned with the increasing...

Crypto and the Fed: State of Crypto

The Federal Reserve published the latest version of its...

Former FTX Legal Advisor Fenwick & West Settles Lawsuit for $54M

Fenwick & West LLP, the principal law firm that...

Tom Lee’s Ethereum Portfolio Sits on $7.35B Loss as ETH Price Slumps

Tom Lee’s BitMine faces about $7.3 billion in paper...

A massive $1 trillion hidden market is waiting to be unlocked in bitcoin, says new report

Crypto lender Ledn says the consumer bitcoin-backed loan market...