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Re: Is Bitcoin an imploding ponzi??...
A young bull and an old bull are standing on a hill when the young bull says...
Originally Posted by
Omkar Godbole
Amid the market-wide risk aversion, exchanges offering crypto futures have liquidated $8 billion worth of positions, according to data source bybt.com. Bitcoin futures account for almost 50% of the total market-wide liquidations.
Total liquidations seen in the past 24 hours, however, are still short of the record $10 billion worth of forced closures observed on April 17, when bitcoin fell sharply from $60,000. Since then, the market has mostly seen daily liquidations of less than $4 billion, barring today’s brief spike.
Bitcoin Drops Below $31K Before Rebounding; $8B in Liquidations Triggered
Where might something like this happen again when some news hits that scares the buy the F-dip crowd into pulling their bids? Golly that's a tough one.
Margin debt hit another record high in March to top $822 billion, according to FINRA data | Markets Insider
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