Tags : longs

Cryptocurrency

92% of all crypto ‘longs’ liquidated yesterday after Bitcoin fell

Crypto traders took some of their biggest hits in recent times as a sudden purge across the crypto market saw $3.7 billion worth of trading positions liquidated, data from multiple sources showed. ‘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

Bitcoin

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 (usually […]Read More