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Bitcoin, ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets

CoinDesk
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Bitcoin, ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets

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.

Key Takeaways

  1. Bets on rising prices accounted for nearly 84% of forced closures, with Binance handling almost half the total.
  2. A rebound has since started catching short sellers.
  3. Read the full article for additional context and details.
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Summary generated by IndiCrypto from CoinDesk. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.