$67,896.00
2.63%$3,268.40
2.67%$580.19
1.27%$182.41
5.50%$0.99988
-0.01%$0.600146
-0.31%$3,267.90
2.62%$0.133514
5.50%$6.71
1.28%$0.416255
5.17%$0.137377
1.21%$28.66
4.85%$67,883.00
2.79%$0.00001697
3.01%$13.56
4.28%$5.85
1.84%$377.25
3.47%$5.72
5.31%$7.68
5.38%$5.82
-0.54%$71.40
3.21%$0.00001198
3.76%$3,413.85
2.58%$0.51389
3.10%$9.74
-1.76%$0.181811
2.82%$22.91
3.39%$6.98
5.13%$0.998984
-0.07%$1.28
6.32%$0.103075
0.90%$162.28
-0.81%$0.850865
2.54%$1.85
2.80%$4.64
10.35%$6.72
9.20%$2.62
2.64%$351.02
6.90%$25.72
6.83%$41.01
2.53%$2,639.25
-0.50%$0.091431
2.04%$0.068418
2.89%$0.72547
3.56%$6.16
3.87%$1.55
5.98%$0.02861851
4.05%$30.99
2.51%$0.99907
-0.01%$0.0000287
4.88%$0.784969
4.61%$1.73
1.75%$0.200754
5.56%$3,659.40
2.53%$3,317.83
2.58%$0.00018029
2.59%$1.14
3.11%$3,393.20
2.79%$4.67
3.93%$1.51
7.19%$0.01429189
4.32%$10.11
0.27%$1.075
11.02%$97.54
4.49%$1.00
4.22%$0.393997
3.39%$1.57
2.63%$0.0288527
3.37%$0.132145
8.89%$0.461079
5.72%$1.37
3.13%$6.00
4.86%$0.372271
3.84%$0.142957
4.12%$3,270.39
2.81%$73.11
1.08%$0.675087
6.60%$1.20
-0.37%$7.60
1.38%$219.99
5.71%$9.70
2.41%$0.01838822
7.18%$0.942977
12.43%$33.49
2.88%$6.09
6.86%$5.30
-0.07%$44.88
4.58%$26.87
1.48%$0.02379396
5.39%$0.577403
3.47%$0.01931102
1.96%$0.00000088
4.55%$10.39
2.65%$11.71
4.85%$3,327.79
2.90%$38.96
9.04%$3.30
5.83%$0.463481
8.20%$1.30
5.12%$0.777309
4.17%$0.329104
6.92%$0.176065
19.42%$2.33
-0.36%$1.001
0.03%$0.539046
5.46%$2.07
3.33%$0.00003546
4.77%$0.00789015
4.71%$2.36
11.05%$0.00000032
5.12%$1.21
2.80%$3,527.45
2.55%$0.996784
-0.07%$0.342803
6.73%$2.40
9.09%$0.070227
4.83%$3,270.51
2.78%$3.90
5.00%$0.00000169
-1.43%$1.00
0.09%$0.523609
5.68%$0.088329
3.62%$0.00860125
7.12%$0.161549
3.57%$2,386.60
1.00%$0.528677
10.19%$1.74
3.11%$214.53
-2.08%$0.165258
4.23%$0.01244508
3.19%$9.53
2.37%$3,477.58
2.75%$0.143863
3.19%$0.789955
5.38%$0.075063
3.89%$4.77
3.00%$0.291518
4.08%$0.930994
13.93%$15.08
4.82%$3,567.57
2.87%$0.67757
3.33%$1.00
0.00%$1.16
-0.31%$32.42
6.59%$0.03125429
0.88%$0.370768
2.45%$0.00008548
4.38%$1.98
2.58%$0.069014
3.81%$0.420615
7.12%$67.87
-3.26%$0.525553
13.04%$25.63
2.73%$2,386.74
0.90%$1.023
2.95%$0.00000043
0.70%$0.04487883
1.19%$0.00420387
2.86%$1.025
0.13%$0.00598954
6.14%$0.080864
5.33%$0.996282
-0.06%$3.25
21.82%$0.482044
2.73%$0.05378
0.65%$3.98
1.22%$3.24
-11.10%$0.198414
4.81%$3,383.45
2.43%$2.19
6.91%$0.974765
6.95%$0.778966
-1.96%$0.782204
11.25%$1.46
5.94%$51.29
2.59%$65.69
2.63%$0.01547063
3.89%$0.152652
6.97%$0.188511
18.62%$0.551361
5.66%$0.344314
5.87%$16.34
3.20%$0.188337
4.34%$0.393614
12.03%$1.71
7.46%$21.61
4.50%$8.21
1.22%$0.487211
2.93%$0.599587
7.13%$0.190191
-4.80%$0.01723557
5.00%$0.04808489
-1.65%$26.98
4.46%$0.138539
5.88%$0.00091996
-2.44%$7.43
2.96%$0.266562
5.37%$6.81
15.65%$0.189289
4.97%$0.00530997
5.05%$0.03082943
5.76%$0.566929
5.40%$0.0017089
3.40%$0.02872308
5.71%$2.56
7.34%$0.741947
9.98%$1,363.00
3.22%$1.30
5.49%$0.02964866
2.73%$0.270999
5.74%$1.99
-0.21%$3,430.52
2.59%$0.193121
5.11%$67,979.00
2.78%$0.395766
3.51%$0.629706
31.66%$0.416121
6.02%$2.99
11.72%$29.44
2.19%$0.01544318
1.91%$0.073925
3.56%$48.94
8.50%$2.56
4.77%$2.59
4.57%$0.00530961
6.21%$0.01908391
2.83%$71.66
7.61%$0.02127702
2.83%$0.306739
6.96%$0.0486165
6.45%$3.81
3.49%$0.999345
-0.42%$0.697581
3.39%$3,416.07
2.66%$0.00431639
3.59%$2.09
16.39%$0.485737
2.71%$33.25
4.94%$2.38
4.60%$0.278153
0.09%$0.02929747
4.09%$2.82
-1.70%$2.76
8.91%$0.554876
6.28%$0.00070571
0.24%$0.02320475
5.89%$1.56
18.22%$1.048
-0.40%
Many futures traders have been liquidated after a severe drop in the price of Bitcoin. Despite this, traders remain bullish according to their futures bets.
The price of Bitcoin nosedived yesterday, falling from $8,080 to $7,980 in an hour. Further losses ensued, as it reached a low of $7,700. It has since bounced back to its current price of $7,800.
Data from https://t.co/T3RTVBbJrD shows $92 million worth of bitcoin contracts were liquidated on BitMEX within a single hour, as bitcoin fell from $8,633 to $8,291 in less than 15 minutes. pic.twitter.com/VDvFdNH6Qr
— Joseph Young (@iamjosephyoung) March 8, 2020
Over the last 24 hours, $200 million in long positions—where traders bet the price will go up—was wiped out on one platform alone, BitMEX. A liquidation is when the trade is closed becuase the price has gone too far in the opposite direction.
A further $9 million in longs was liquidated on Bitfinex’s futures trading platform, according to data from DataMish.
Despite the downturn, the futures market remains bullish. Looking at data from Bitfinex, 80% of traders are going long, while the remaining 20% are going short.
Trading volume remains high on some exchanges. BitMEX saw $5.4 billion in trading volume yesterday, with OKEx just behind at $5.3 billion.
Yet trading on Bitcoin futures exchange Bakkt continues to fall. On Friday, just $15 million was settled, either physically (in Bitcoin) or in cash, according to data from Skew.
