Bitcoin dropped to under $30,000 last night and sparked a selling frenzy in the crypto market—one that led to half a billion dollars in liquidations, $285 million of that in BTC alone.As per data from analytics app Bybt, over 113,956 traders were liquidated on various crypto exchanges, with the largest single liquidation order occurring on futures powerhouse Bybit—a Bitcoin … [Read more...] about $540 million ‘rekt’ as top cryptos plunge overnight. Here’s the aftermath
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Bitcoin drops by $2,000. $185 million in longs go ‘rekt’
Bitcoin fell by nearly $2,000 this morning, ‘liquidating’ $200 million worth of futures positions in the past 12 hours and bringing down much of the crypto market alongside.Liquidations, for the uninitiated, occur when leveraged positions are automatically closed out by exchanges/brokerages as a “safety mechanism.” Futures and margin traders—who borrow capital from exchanges … [Read more...] about Bitcoin drops by $2,000. $185 million in longs go ‘rekt’
200,000 crypto traders ‘rekt’ as market sees $1 billion in liquidations
Bitcoin dipped to over $28,000 yesterday, sending other altcoins in a downward spiral and chalking up one of the biggest crypto ‘liquidation’ days in a few weeks.Several large-cap cryptos like Solana, XRP, and Polkadot saw double-digit percentage declines. Their corresponding futures products did, too, see falling prices, causing a long line of liquidations in their wake.Crypto … [Read more...] about 200,000 crypto traders ‘rekt’ as market sees $1 billion in liquidations
SwissBorg’s Anthony Lesoismier discusses how to not get ‘rekt’ while trading crypto (or other assets)
You can bet that day trading crypto is arguably the fastest way to lose money. After all, over 90% of all wannabe traders end up losing money when trying their luck in the market, and usually end up losing their capital (or, worst, in debt) while trying to print millions instead.Several aspects are to blame. Social media influencers make trading look easy, but the reality … [Read more...] about SwissBorg’s Anthony Lesoismier discusses how to not get ‘rekt’ while trading crypto (or other assets)
$2.38 billion ‘rekt’ in crypto markets as Bitcoin drops to $43,000
Over $2.38 billion worth of Bitcoin and other cryptocurrencies were liquidated in the past 24 hours as the market fell by double-digit percentages, data from multiple sources showed.Money gone‘Liquidations,’ for the uninitiated, occur when leveraged positions are automatically closed out by exchanges/brokerages as a “safety mechanism.” Futures and margin traders—who borrow … [Read more...] about $2.38 billion ‘rekt’ in crypto markets as Bitcoin drops to $43,000