Crypto Shorts See $240M Flush As Bitcoin Rebounds Back Above $30k

Crypto Shorts See $240M Flush As Bitcoin Rebounds Back Above $30k

Data shows the crypto futures market has taken a $380 million beating over the past day as Bitcoin has rebounded above $30k. Out of this amount, $240 million liquidations have belonged to short traders. Crypto Shorts Observe $240 Million In Liquidations Over Last 24 Hours In case anyone isn’t aware of what “liquidations” are, it’s best to first take a brief look at the workings of margin trading in the crypto futures market. When an investor opens a, say, Bitcoin long or short contract at a derivatives exchange, they first have to put forth some collateral called....


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