Futures traders betting on the continued recovery of crypto prices were caught in the crosshairs after bitcoin dropped to under $40,000 in the past 24 hours. By shauryamalwa
Futures traders betting on the continued recovery of crypto prices were caught in the crosshairs after bitcoin dropped to under $40,000 in the past 24 hours. Traders racked up over $430 million in losses to liquidations, according to data from Coinglass.
Longs, or positions of traders betting on upward prices, took the biggest hit and accounted for nearly 90%, or $386 million, of all losses in the past 24 hours. Shorts saw a relatively lower $44 million in losses.Traders of bitcoin futures lost $156 million alone, followed by ether futures at $102.85 million, and SOL futures, which track Solana’s native tokens, at $12.41 million. Futures Dogecoin’s DOGE and Stepn’s GMT notched up a combined $16 million in losses after a run last week.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This company wants to pay you to watch 24 hours of true crime showsMagellanTV’s ideal candidate is someone who “can handle the most menacing serial killer, the goriest details, and (doesn’t) flinch at the chilling paranormal.”
Read more »
Texas 2022 election: Your May 24 primary runoff sample ballotSee the full list of candidates in the Democratic and Republican primary runoffs, and find out who’s on your ballot based on where you live.
Read more »
Open Orchard art project aims to restore NYC’s long-lost fruit treesOpen Orchard will cover Governors Island with 250 varieties of fruit — all of them either indigenous to, originated in, or historically grown in New York City — and aims to also plant 100 heirloom trees in gardens around the city by next spring.
Read more »
Josef Newgarden capitalizes on Colton Herta's mistake to win Long Beach Grand Prix.josefnewgarden was extra motivated to beat Valencia native ColtonHerta, the favorite to win IndyCar's GPLongBeach. “I went to bed last night and I go, ‘That kid is NOT checking out tomorrow, there’s no way.’’ Then Herta made 'a stupid mistake.'
Read more »
Ford Puma ST Gold Edition 2022 long-term review | AutocarHaving loved a regular Puma, our man Felix_Page_ fancies a go in the new performance version. Ford Puma ST long-term review:
Read more »