BTC price crashes to $20.8K as ‘deadly’ candles liquidate $1.2 billion
Carnage for short-term traders and speculators as volatility destroys both long and short positions on the way to $20,000.
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Carnage for short-term traders and speculators as volatility destroys both long and short positions on the way to $20,000.
Is it time to be greedy? Experienced market makers and arbitrage desks have turned strongly risk-averse as BTC price dropped to $22,600.
Looming macroeconomic concerns and this week’s $1B ETH options expiry threaten to pin Ethereum price under the $1,800 support.
BTC and altcoins took a severe hit on Dec. 13, but derivatives data suggests traders are watching $46,000 as a signal of whether the current market structure will hold up.
BTC bulls are looking at a $300 million loss after last week’s 11.5% correction set them up as the losers of Dec. 10’s $1.1 billion options expiry.
Most traders think futures contracts are only used to place ultra risky high leverage bets, but the instruments actually have a variety of uses.