February 18, 2025

[ad_1]

The whipsaw in prices caught some crypto derivatives traders off-guard, liquidating roughly $100 million worth of leveraged trading positions over the past 24 hours, according to Coinglass data. Short traders, who attempted to profit from lower prices, endured $60 million in losses, while long traders, who bet on higher prices, suffered $40 million in losses.

[ad_2]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *