Bitcoin Sudden Price Rise Explodes Futures Investors

One of the most controversial investment instruments of recent years bitcoin, once again left investors awry. The sudden price increase in Bitcoin, which we know as the king of the crypto money market, attracts investors who trade futures. officially exploded. So how did investors lose while Bitcoin was rising? Moreover, the magnitude of the damage was 200 million dollars.

Cryptocurrency markets have been on a sideways trend for a while. Bitcoin for days $38k to $39k between it is accumulating. However, something remarkable happened last night. From $ 39 thousand 100 in just a few hours 41 thousand 700 dollars Bitcoin, which rose to the levels, retreated to $ 38 thousand 800 after this rise. Bitcoin as of now 40 thousand 300 dollars trading levels.

The current price chart of Bitcoin is as follows:

According to data compiled by Investing from Coinglass, exploding futures 65 percent A significant part of it, such as short, consisted of predictions that the decline would continue. According to the information obtained, the size of the futures transactions opened on Bitcoin 100 million dollars was around. The sudden rise, which also affected other cryptocurrencies, caused a total loss of around $200 million. This event once again showed how risky futures trading, which is often resorted to for the sake of more profit, is.

Bitcoin’s sudden rise has most directly affected Bitcoin investors. However, the world’s second largest Ethereum Investors also benefited from this situation. In the reviews, it was found that the money lost due to Ethereum futures 52 million dollars was detected.

This content is not investment advice.