$62,241.00
1.56%$2,424.87
2.08%$563.59
2.29%$144.53
3.48%$0.999898
0.00%$0.533035
2.03%$2,424.06
2.06%$0.109916
2.26%$5.38
0.51%$0.153895
-2.15%$0.353786
0.94%$26.04
2.24%$0.00001783
5.50%$2,862.77
1.89%$62,180.00
1.55%$2,425.37
2.02%$11.37
3.37%$324.33
1.29%$4.21
1.30%$5.91
-0.21%$4.82
2.74%$6.78
1.20%$65.57
2.15%$1.72
-1.85%$8.94
0.65%$588.71
13.99%$2,543.48
2.00%$0.0000095
5.35%$8.28
0.96%$1.48
6.02%$0.15027
0.52%$0.384578
1.71%$153.32
5.07%$18.69
1.22%$1.84
-2.61%$0.09246
2.13%$0.999205
0.09%$0.999207
-0.05%$1.57
2.14%$41.65
0.84%$2.35
8.50%$5.77
4.87%$150.58
1.96%$0.080815
1.30%$3.67
1.63%$1.63
4.94%$0.05405
3.05%$0.561838
1.77%$20.47
3.98%$0.594277
2.31%$0.02292164
2.23%$4.70
5.14%$0.63902
3.36%$11.45
0.99%$4.83
2.53%$0.162263
4.74%$0.00002146
1.39%$1.053
3.92%$2,420.14
1.84%$0.414425
1.18%$2,712.31
1.79%$0.0001366
2.21%$1.31
4.55%$1,457.38
0.88%$18.87
2.36%$1.26
27.04%$0.338609
7.22%$7.12
0.30%$2,530.17
2.06%$1.36
8.19%$62,124.00
1.53%$5.15
-0.02%$8.58
0.52%$0.789738
3.09%$0.126683
2.83%$0.383323
1.32%$70.98
2.71%$0.715826
4.41%$0.02001423
1.98%$1.079
5.76%$1.90
15.09%$7.79
1.44%$46.02
1.86%$0.349584
9.68%$0.00000093
3.65%$0.01659875
1.96%$0.550177
2.71%$0.923927
3.69%$2,422.36
1.86%$0.084115
3.16%$0.301848
4.68%$2.51
0.83%$2,469.19
2.01%$0.02008605
3.19%$0.174346
8.12%$0.00754861
2.71%$0.131333
4.13%$0.01574953
2.32%$0.39261
5.36%$176.78
3.62%$1.17
1.41%$0.997171
-0.09%$0.999701
0.00%$0.475176
1.31%$33.92
3.87%$0.01581794
5.33%$0.00003596
3.23%$4.67
1.35%$9.98
1.74%$25.28
1.52%$8.66
1.03%$0.664516
3.64%$2,653.26
-0.15%$0.997179
-0.01%$3.39
0.89%$2.55
3.15%$62,104.00
1.54%$3.84
2.59%$0.523633
4.29%$0.255177
2.98%$0.00000156
8.95%$2,481.93
2.02%$0.064284
6.22%$1.67
2.76%$0.00000027
5.36%$0.88265
1.89%$17.10
2.75%$0.297577
5.76%$0.98563
1.84%$0.683589
9.28%$0.483444
1.84%$2,424.62
2.07%$1.89
2.54%$0.00577412
10.43%$2,660.59
-0.25%$0.00008772
1.79%$62,351.00
1.42%$0.997895
0.02%$2,620.42
1.93%$0.719388
3.96%$0.130106
6.19%$150.62
3.46%$4.29
6.55%$9.93
1.05%$0.473555
6.46%$1.78
6.18%$2,425.90
2.15%$0.069207
3.89%$1.42
3.92%$1.024
-3.01%$4.42
-3.96%$1.10
3.73%$0.062176
3.39%$7.89
4.18%$0.00635978
3.24%$12.52
3.79%$0.02925774
0.72%$0.00103568
7.38%$2,418.89
1.99%$0.225252
9.88%$0.123853
4.11%$2,426.33
2.12%$0.06301
3.62%$0.861913
7.27%$0.748536
15.70%$27.21
2.81%$0.999781
-0.01%$158.37
3.06%$0.00000041
-0.82%$1.45
7.11%$0.997618
0.59%$0.060003
2.05%$0.881057
1.87%$0.00393984
20.10%$22.51
1.42%$44.46
1.51%$0.562217
6.44%$0.13327
6.28%$0.340549
6.24%$0.999538
-0.08%$3.07
5.46%$0.00531061
3.61%$0.03817728
15.07%$0.000702
5.63%$0.03793401
2.62%$2,425.94
2.07%$0.729956
3.44%$0.070234
12.81%$3.28
7.62%$62,244.00
1.44%$0.00664589
5.20%$0.828568
-0.86%$1.057
-0.05%$2,426.58
2.12%$0.335853
5.84%$62,256.00
1.45%$0.259778
3.00%$3.35
0.52%$0.00505442
9.38%$0.176927
7.35%$1.54
5.02%$2,661.90
2.14%$2,594.19
2.21%$0.25889
0.51%$0.633836
3.58%$0.00380841
2.38%$7,569.36
-2.93%$78.52
1.92%$0.00
3.37%$0.343062
5.25%$2,525.77
2.07%$18.53
3.16%$0.754396
5.28%$23.80
3.09%$0.02878093
0.23%$0.00082903
0.96%$1.00
-0.02%$0.00158634
2.87%$3.64
2.33%$1.46
5.77%$0.605237
5.72%$0.01022442
7.20%$0.00475153
6.67%$0.01433472
2.77%$0.02723243
3.85%$0.00000036
1.55%$0.37339
2.83%$1,249.90
1.44%$0.317066
3.70%$0.096619
4.68%$0.114881
13.40%$2.07
3.93%$2.08
2.38%$2.53
14.37%$0.149693
2.82%$0.37532
2.01%$0.235282
4.71%$37.47
2.73%$0.170844
2.61%$2.42
3.50%$15.71
0.68%$2.52
3.29%$0.139379
4.98%$62,205.00
1.59%$0.03422851
3.03%$0.246782
2.83%$3.78
1.90%$6.13
1.42%
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.
