Bitcoin, ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets
A sharp sell-off in bitcoin, ether and XRP forced the closure of about $1.5 billion in leveraged crypto positions. Most of those forced closures hit bets that prices would rise, with Binance accounting for nearly half the total. A subsequent rebound has since started to squeeze traders betting on falling prices. Bitcoin was trading at $78,586 when the story was published, and it is down 0.1% since then.
Source: CoinDesk · Written by Blockdeck from public reports and live market datamarket_reactionBTC/USD around the story−0.90% since the news
Price at the news$78,589.92
First hour after−0.51%
Since the news−0.90%
Volume that hour0.6× normal
Headline and excerpt credited to CoinDesk. Prices on this page are live, not from the time of the story. Not financial advice.