About $245.89 million in leveraged crypto positions were liquidated in 24 hours, primarily driven by Bitcoin ($104.51M) and Ethereum ($79.69M). This wave of liquidations reflects crowded long positions and short-term market fragility, with Binance leading the liquidations. Despite only mild price drops, rapid two-way price swings triggered forced closures on both longs and shorts, indicating volatile market conditions. Traders should watch for leverage concentration and reduce risk exposure as these liquidations signal potential for further volatility.
Andrew Tate opened a highly leveraged 40x long position on Bitcoin worth about $3.79 million but was fully liquidated within 24 hours after Bitcoin's price dropped below his liquidation price. Despite attempts to add margin, Tate lost a total of $95,...
BlackRock is launching the iShares Bitcoin Premium Income ETF (ticker BITA) tomorrow, offering institutional-grade Bitcoin income exposure. This new ETF competes directly with Strategy Inc.'s STRC and Bitmine's BMNP, providing investors more options ...
Bitcoin's price decline in June has pushed about $8.6 billion of the $10.6 billion worth of bitcoin options expiring on June 26 out of the money, meaning most bullish bets are currently underwater. Only 20% of these options are profitable if exercise...
The U.S. Federal Reserve, under new Chair Kevin Warsh, is expected to keep interest rates steady in its first meeting, with markets closely watching the policy statement and press conference for hints on future hikes. Bitcoin could react positively i...
Ahead of the first Federal Open Market Committee (FOMC) decision under new Fed Chair Kevin Warsh, Bitcoin slipped below $65,000 and most cryptocurrencies softened, with traders focusing on Warsh's inflation outlook rather than immediate rate changes....
