Over $202M in Short Bitcoin, Ethereum Positions Liquidated Amid Bullish Move
With Bitcoin and Ethereum enjoying hefty gains after the latest rate hike, traders shorting the leading cryptocurrencies were caught out.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
PrimeXBT Insights: Bitcoin rallied through a rate hike; Can it rally through a bond selloff?
By Jonatan Randin, Senior Market Analyst at PrimeXBT In mid September the setup looked bad for Bitcoin. The CLARITY Act failed in...
$309M in long positions liquidated from crypto market in 24 hours as leverage unwinds
The liquidation highlights the inherent risks of leveraged trading, potentially deterring investors and increasing market volatili...
BOE’s Ramsden affirms QT strategy, signals potential rate hike if inflation rises
Ramsden's stance underscores the BOE's proactive approach to inflation control, potentially impacting economic growth and market s...
Why Is Crypto Down Today? Oil, Fed Bets and $330M Liquidations Stall the Market
This Monday morning, traders are asking, ‘Why is crypto down today?’ as total crypto market capitalization fell -2% to about $2.9...
Big institutional money is split on Bitcoin’s next move as massive market bets shift
Leveraged funds moved 1,599 contracts further net short in standard CME Bitcoin futures during the week to Sept. 22, reversing the...
USDT grew on Ethereum through 2024, but smart contract holdings stalled, BIS data show
More USDT was issued without a sustained rise in balances held by smart-contract accounts on Ethereum, according to a Bank for Int...