Bitcoin, one of the most controversial investment tools of recent years, once again left investors in the wrong. The sudden price increase in Bitcoin, which we know as the king of the crypto money market, has officially exploded futures traders. So how did investors lose while Bitcoin was rising? Moreover, the size of this loss was 200 million dollars.
Cryptocurrency markets have been on a sideways trend for a while. Bitcoin has been accumulating between $38,000 and $39,000 for days. However, something remarkable happened last night. Bitcoin, which rose from $ 39 thousand 100 to $ 41 thousand 700 in just a few hours, retreated to $ 38 thousand 800 after this rise. Bitcoin is currently trading at $ 40 thousand 300.
Bitcoin’s current price chart is as follows:
According to data compiled by Investing from Coinglass, a serious 65% of exploding futures transactions are short, that is, it consisted of predictions that the decline would continue. According to the information obtained, the size of the futures transactions opened on Bitcoin was around 100 million dollars. The sudden rise, which also affected other cryptocurrencies, caused a total loss of around $200 million. This event again showed how risky futures trading, which is often resorted to for the sake of more profit, is.
Bitcoin’s spike has most directly affected Bitcoin investors. However, Ethereum investors, which have the second largest volume in the world, also got their share from this situation. In the examinations, it was determined that the money lost due to Ethereum futures was $ 52 million.
This content is not investment advice.
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