Bitcoin, ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets
Summary
A major cryptocurrency market selloff recently eliminated one point five billion dollars in leveraged trading positions. The vast majority of these forced closures involved bets on rising prices, with Binance processing a large share of the liquidations. Prices have since recovered, leading to losses for traders betting on further declines.
Bets on rising prices accounted for nearly 84% of forced closures, with Binance handling almost half the total. A rebound has since started catching short sellers.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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