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Bitcoin Bulls Yield: $257 Million Crypto Longs Rekt As BTC Crashes Under $58,000

Bitcoinist LogoBitcoinist3d ago

Bitcoin Bulls Yield: $257 Million Crypto Longs Rekt As BTC Crashes Under $58,000 - Bitcoinist

Quick Summary:

Data shows the cryptocurrency derivatives market has seen a huge amount of liquidations in the past day as Bitcoin has crashed under $58,000.

BTC and ETH have a gap of just $20 million between each other, but the drop to the third largest contributor, Solana (SOL), is a massive $59 million.

Given all this chaos in the sector, it’s not surprising to see that the derivatives side has seen a wild day of its own.


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Bitcoin Bulls Yield: $257 Million Crypto Longs Rekt As BTC Crashes Under $58,000 - Bitcoinist (Picture 1)Bitcoin Bulls Yield: $257 Million Crypto Longs Rekt As BTC Crashes Under $58,000 - Bitcoinist (Picture 2)

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-05 @ 02:00:41 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 412 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21486211

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 4 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 13 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

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The story "Bitcoin Bulls Yield: $257 Million Crypto Longs Rekt As BTC Crashes Under $58,000" was covered 3 days ago by Bitcoinist, a news publisher based in Hungary.

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The outlet is headquartered in Hungary and publishes an average of 4 news stories per day.

It's most recent story was published 13 hours ago.

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  • URL: https://beamstart.com/news/bitcoin-bulls-yield-257-million-17201449328805

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