Friday, March 29, 2024
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Crypto Long Traders Bear Brunt as Slide in Bitcoin, Ether Prices Spurs $220M in Liquidations

Long trades, or bets on higher prices, took 90% of the $220 million in liquidations on crypto futures trading over the past 24 hours as bitcoin (BTC) and ether (ETH) fell nearly 5%. Bitcoin and ether futures cumulatively saw $100 million in liquidations, while futures tracking dogecoin (DOGE), solana (SOL),

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Crypto Lender Celsius’s Retail Customers May Bear Brunt of Bankruptcy

“In particular, Celsius has pointed out in its pleadings that customers transferred ownership of crypto assets to Celsius, making those customers unsecured creditors. This detail may undercut customer expectations, who thought they were depositing their assets into a construct similar to a traditional bank,” Gwen added. Source

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