The volatility caused over $140 million in bitcoin futures and $80 million in ether futures to take on losses. Of this, 58% of futures losses came from shorts, or bets against price rises, while the remaining came from longs, or bets on price rises – meaning both short-sellers and long traders were hit almost equally.
Related posts
-
Capital inflows into spot Bitcoin ETFs total $31m
On April 23, net daily capital inflows into spot Bitcoin ETFs totaled $31.64 million. According to... -
Analysts Identify Key Scenario For Bitcoin Hitting $100,000
Prior to the Bitcoin Halving event, BTC’s price saw considerable instability, but it has since rebounded,... -
Jack Dorsey’s Block Completes Bitcoin Mining Chip, Will Build Full Mining System
Although chip efficiency has rapidly improved in recent years as demand for bitcoin has picked up,...