Bitcoin volatility leaves longs and shorts with nearly equal losses

Bitcoin's price swung violently within hours, and nearly equal losses across long and short positions showed traders were wrong-footed.

The episode amounted to a rare split liquidation in which both long and short positions were hit, with losses roughly balanced across the two sides.

It is not clear from the available information how large the losses were or what the broader market impact will be.

Key Topics

Crypto, Bitcoin, Split Liquidation, Long Positions, Short Positions, Crypto Volatility