A crypto wallet opened simultaneous 20x leveraged positions on November 7: a short on Ether and a long on Bitcoin, each worth $20 million. By November 8 evening, both cryptocurrencies dropped sharply, but Bitcoin's stronger rebound increased the wallet's unrealized profit to $658,000 in just one day. This highlights the high-risk, high-reward nature of leveraged crypto trading and the impact of market volatility on such positions.
The story of a wallet making $658,000 in one-day unrealized profit from leveraged Bitcoin and Ether positions illustrates the volatility traders face. On Pluang, Bitcoin trades at Rp1.357.034.462 with a modest 1-day gain of 0.51% as of Nov 10, 2026 05:23 WIB. Market activity shows a strong buying interest with 77% of orders as buys, and typical hold time is 113 days, indicating a mix of short-term and longer-term investors.
Cathie Wood, founder of ARK Invest, expects Bitcoin to outperform gold in the future despite Bitcoin's recent price weakness. She also anticipates a decline in gold prices. Since 2019, Bitcoin and gold have shown a low correlation, meaning their pric...
Bitcoin and Ethereum fell 1.87% and 5.27% respectively in the last 24 hours, pressured by a sharp sell-off in the stock market and risk-off sentiment. Over $1 billion in leveraged crypto positions were liquidated as the S&P 500 Futures experienced ex...
Bitcoin's price fell only 6% following the $6.3 billion Binance hack, a much smaller decline compared to past crypto crises like the COVID-19 crash and FTX collapse. Fitch Ratings highlights this mild drop and a 67% surge in trading volume as signs o...
Ether's open interest in derivatives contracts fell sharply by 7.8% over 24 hours, marking the biggest drop among five major cryptocurrencies including Bitcoin, Solana, XRP, and Dogecoin. XRP maintained the highest funding rate at 10.9% annualized, i...
Bitcoin experienced a significant liquidation event on November 8, with $10.55 million in long positions liquidated within one hour on Binance, Bybit, and OKX exchanges. The price of Bitcoin fell by 0.68%, dropping from $75,786 to $75,269 during this...
