How Leveraged Positions Could Have Accelerated Ethereum’s Slump
Ethereum has retraced to levels not seen since the beginning of 2021. The cryptocurrency records a 50% correction in the weekly chart and has fallen from an all-time high at around $4,000. At the time of writing, ETH trades at 1,927 with 22.9% losses in the weekly chart. The crash in ETH’s price was preceded […]
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Alfprotocol is, in fact, a group of protocols created to provide decentralized capital across and between investors and traders to maximize the provision of liquidity with leverage and without. The protocol will provide unleveraged products in the form of AlfMM (a decentralized exchange service) and AAlf (an overcollateralized borrowing service). On the other hand, the leveraged liquidity is handled via one of Alfprotocol’s modules that communicates with external protocols such as Solaris, Jet Protocol, and more expected to be added in the future to provide leveraged products up to 200x.....
Traders in Europe are threatening legal action against eToro for allegedly closing their leveraged crypto positions without enough notice.
The leveraged yield farming protocol looks to put multiple missteps in the past with a successful relaunch. After a rocky first quarter, decentralized finance (DeFi) platform Alpha Homora announced the relaunch of its v2 leveraged yield farming program today — and so far both traders and users are celebrating as both total value locked (TVL) and ALPHA token prices soar. The version 2 of the platform, which allows for leverage up to 7x on popular yield farming positions on protocols such as Sushi, Curve, and Balancer, notably had to shut down to new positions after a devastating hack in....
The overall financial market is discouraging this week. Stocks and cryptos are plummeting as anticipation of the upcoming rate hike grows. The latest CPI for August was a force that pushed the market towards the edge. The figure was higher than expected, increasing fear in the industry. As the Feds prepares to hit the market with the biggest rate hike, exchanges have started liquidating leveraged positions. This strategy is geared at cutting down losses as events unfold. Related Reading: WATCH: Bitcoin Bloody Monday Leads To Reversal Hammer | BTCUSD September 19, 2022 Traders’....
A surprising price recovery in the cryptocurrency market led by Bitcoin caught bears on the wrong side of the trade this Monday. Bears lost $1 billion on their leveraged short bets, according to data provided by ByBt.com. The BTC/USD exchange rate rebounded to an intraday high of $38,750 before correcting lower short-term profit-taking sentiment. At […]