By admin The cryptocurrency derivatives market recently experienced a severe shakeout, resulting in nearly $370 million in liquidations over a 24 hour period. This sudden wave of forced closures primarily impacted leveraged positions tied to major assets such as Bitcoin, Ethereum, XRP, and Solana. More than 90,000 traders witnessed their positions being automatically closed by […]
Tag: Iran
By Dimitar Dzhondzhorov The cryptocurrency market took another step back today (September 2) as the USA and Iran exchanged more strikes in the Middle East. Despite that, certain digital assets like Filecoin (FIL) remain in green territory and even posted double-digit increases on a daily scale. Here’s what may come next for the token. How […]
By Mandy Williams Bitcoin’s latest rally appears to be driven partly by short covering rather than fresh leveraged positions, according to QCP Research. Open interest has fallen as BTC advanced, while strong spot ETF inflows have provided additional demand, the firm noted. Spot demand is also strengthening, with QCP noting that ETF inflows are nearing […]