JCT short sellers just got squeezed. Across the major venues, $1.7M of leveraged bets on a lower $JCT price were liquidated in the last 30 minutes, meaning exchanges closed them once losses wiped out the collateral behind them.
Traders positioned for a rise took a smaller hit, with $330.6K of long positions closed the same way in that window.
The pain sat heavily on the short side this half hour. These totals come from the raw liquidation streams of the major venues.
Traders positioned for a rise took a smaller hit, with $330.6K of long positions closed the same way in that window.
The pain sat heavily on the short side this half hour. These totals come from the raw liquidation streams of the major venues.
