300 million dollars gone: crypto slump liquidates en masse long positions

The slump in the prices of crypto currencies such as Bitcoin or Ethereum / Ether in the night from Monday to Tuesday cost traders of crypto futures and options around 300 million US dollars – mostly long positions.

Bitcoin futures were launched on the market for the first time in December 2017. The oldest and best known cryptocurrency had arrived in the financial market. Since then, trading in futures and options – to put it simply, betting on a rise or fall in prices – has been possible with other cryptocurrencies such as Ethereum. The current correction in the crypto market has futures traders: inside now …

read more at t3n.de