Long Crypto Traders See $190M in Losses as Bitcoin Retreats After Apparent Mt.Gox Repayments
Some $45 million stemmed from altcoin futures in an unusual move – with bitcoin accounting for a relatively lesser $36 million in liquidations.
In futures market, traders betting on higher prices lost over $190 million to liquidations as bitcoin (BTC) dropped as much as 4% before recovering in Wednesday morning hours. Some $45 million of those stemmed from altcoin-tracked futures in an unusual move with bitcoin liquidations accounting for a relatively lesser $36 million in losses.
Traders of Solana’s SOL tokens took on nearly $20 million in losses.
