Long trades, or bets on higher prices, took 90% of the $220 million in liquidations on crypto futures trading in the past 24 hours. By shauryamalwa
That's the highest level of liquidations since last November for long traders, or those who hold the security directly. Crypto exchange Binance took over $95 million in liquidations, the most among counterparties, with OKX seeing $47 million.
Liquidations occur when an exchange forcefully closes a trader’s leveraged position owing to a partial or total loss of the trader’s initial margin. It happens when a trader cannot meet the margin requirements for a leveraged position, that is when they don't have sufficient funds to keep the trade open.
Liquidations data is beneficial for traders as it serves as a signal of leverage being effectively washed out from popular futures products – acting as a short-term indication of a decline in price volatility. Kraken agreed to “immediately” end its crypto staking-as-a-service platform for U.S. customers and pay $30 million to settle Securities and Exchange Commission charges it offered unregistered securities.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bear escapes enclosure, eludes staff for 90 minutes, zoo reportsA zoo in Missouri says staff found a bear outside of one of its enclosures this week.
Read more »
Euro Outlook: EUR/USD, EUR/GBP May Fall as Retail Traders Boost Long BetsThe Euro has been weakening in recent days and retail traders responded by boosting long exposure in EUR/USD and EUR/GBP. Is this a sign that more pain is ahead for the currency? Get your market update from ddubrovskyFX here:
Read more »
Upmarket 2024 Mazda CX-90 SUV Gets Premium Price TagHow much does the 2024 Mazda CX-90 three-row SUV cost? We have a full MSRP breakdown of all 11 trims including the $60k Premium Plus models.
Read more »
The Palmer Method of Business Writing: Lesson 90 | HackerNoonSome authors make the loop of j and z shorter below the base than small y and g, but we make no distinction. - selfteaching educational
Read more »
El Paso massacre suspect pleads guilty to 90 federal chargesAuthorities say the suspect drove 11 hours from his hometown of Allen, Texas — a Dallas suburb — to El Paso with the sole intent of killing immigrants and Mexicans in the West Texas bor…
Read more »
El Paso Walmart shooting suspect pleads guilty to 90 federal hate crime and firearm chargesThe Texas man who allegedly shot and killed 23 people at an El Paso Walmart in 2019 pleaded guilty to 90 hate crime and firearm charges in federal court on Wednesday.
Read more »