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
- 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.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CoinDesk. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Exchange

London Metal Exchange Tokenizes Reserves to Unlock New Financing
According to reports, the institution’s tokenization push involves putting its off-the-books metal reserves, held in warehouses, to work by using them as digital assets to finance its business. The move could position Hong Kong as a next-generation…

Coinbase Swings to $719 Million Q3 Profit on Crypto Gains
Coinbase reported third-quarter net income of $719 million, driven largely by gains on its crypto holdings, as revenue held flat at $1.22 billion.
Coinbase Posts Surprise Profit as Insiders Plan $2 Billion Share Sales: Why Now?
Coinbase posts a $718.7 million Q3 profit as its CEO and co-founder plan $2 billion in share sales. Here is what drove both. The post Coinbase Posts Surprise Profit as Insiders Plan $2 Billion Share Sales: Why Now? appeared first on BeInCrypto.