More than $246 million in crypto futures positions were wiped out in a single day as Bitcoin reversed sharply on Thursday, punishing traders who had bet against the market. The leading cryptocurrency climbed back to around $73,300 — a gain of roughly 4.5% over 24 hours — after a stretch of selling had dragged prices…
Tag: futures
XRP Traders Pull Back $2.4B—Brace For Impact Or Buy The Dip?
According to recent reports, XRP slid about 15% after peaking at $3.66 on July 18, wiping out roughly $2.4 billion in open futures positions. That sharp drop has traders debating whether to hunker down or scoop up XRP near the $2.60 mark. Rally Driven By Big Bets XRP’s surge from $2.17 on July 1 to $3.66…