BTC, ETH, XRP plummet as Wintermute sharply increases short positions
- Bitcoin’s price fell to $75,500 after failing to hold above $77,000; major altcoins such as ETH and XRP also saw significant declines.
- Market maker Wintermute opened large short positions, with $146.19 million in shorts and $13.85 million in longs, contributing to heightened market volatility.
- Over $350 million in positions were liquidated in the past 24 hours, affecting more than 90,000 traders, as signals suggest Bitcoin may pull back after a rapid rally.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
- Bitcoin’s price fell to $75,500 after failing to hold above $77,000; major altcoins such as ETH and XRP also saw significant declines.
- Market maker Wintermute opened large short positions, with $146.19 million in shorts and $13.85 million in longs, contributing to heightened market volatility.
- Over $350 million in positions were liquidated in the past 24 hours, affecting more than 90,000 traders, as signals suggest Bitcoin may pull back after a rapid rally.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
