Bitcoin's Sudden Surge Results in $178 Million in Trader Liquidations

The cryptocurrency world witnessed a seismic shift recently, as Bitcoins price made a remarkable upward leap. This unexpected rise resulted in substantial losses for traders who predicted a drop in value. In just one day, traders faced losses exceeding $178 million due to these misguided predictions. As the numbers came rolling in, reports indicated that futures tied to Bitcoin constituted almost half of the staggering $400 million in total cryptocurrency liquidations on Monday. On the other hand, futures associated with Ether, another major cryptocurrency, only accounted for $50 million...

source: https://tokenpost.com/Bitcoins-Surge-Costs-Traders-Millions-ETF-Hopes-on-the-Horizon-10872

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