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.