Meager Bitcoin recovery above $40k backfires for futures traders causing further $185M in liquidations

Crypto’s volatile price movement during the last 24 hours liquidated a further $185 million from more than 76,000 traders who held long and short positions in the market. Data from Coinglass shows that traders betting on further price growth and a stronger recovery bore the brunt of the losses, with nearly $150 million liquidated. On […] source: https://cryptoslate.com/meager-bitcoin-recovery-above-40k-backfires-for-futures-traders-causing-further-185m-in-liquidations/