bitcoin
Bitcoin (BTC) $ 96,250.79
ethereum
Ethereum (ETH) $ 2,730.74
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 658.37
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 2.58
binance-usd
BUSD (BUSD) $ 0.985675
dogecoin
Dogecoin (DOGE) $ 0.254209
cardano
Cardano (ADA) $ 0.768821
solana
Solana (SOL) $ 173.61
matic-network
Polygon (MATIC) $ 0.305901
polkadot
Polkadot (DOT) $ 4.80
tron
TRON (TRX) $ 0.243316
bitcoin
Bitcoin (BTC) $ 96,250.79
ethereum
Ethereum (ETH) $ 2,730.74
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 658.37
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 2.58
binance-usd
BUSD (BUSD) $ 0.985675
dogecoin
Dogecoin (DOGE) $ 0.254209
cardano
Cardano (ADA) $ 0.768821
solana
Solana (SOL) $ 173.61
matic-network
Polygon (MATIC) $ 0.305901
polkadot
Polkadot (DOT) $ 4.80
tron
TRON (TRX) $ 0.243316
More

    Why did 12K Bitcoin margin longs shut at Bitfinex, and why didn’t it affect BTC value?

    Latest News

    Since Might 2022, the (BTC) margin markets on the Bitfinex alternate have been suffering from an unusually excessive open curiosity of over $2.7 billion. This data alone ought to increase a crimson flag, particularly contemplating Bitcoin’s value decline from $39,000 to lower than $25,000 throughout the identical interval.

    Merchants in search of to leverage their cryptocurrency place had borrowed over 105,000 Bitcoin. At the moment, the reason for this anomaly and the variety of entities concerned within the commerce are unknown.

    Bitfinex BTC margin longs, in BTC contracts. Supply: TradingView
    OKX stablecoin/BTC margin lending ratio. Supply: OKX

    Proceed Studying on Coin Telegraph

    See also  Polkadot tech powers Web3, from Indonesia authorities to gaming giants

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Hot Topics

    Related Articles