Margin Call Nightmare: BTC’s Plunge Below $109,000 Flushes $265M in Longs

Bitcoin plunged to $108,652 connected Bitstamp Thursday, wiping retired implicit $265 cardinal successful bitcoin agelong positions successful what mightiness beryllium crypto’s astir melodramatic hangover. Bitcoin Craters Call it the large leveraged purge. Bitcoin’s clang to $108,652 connected Bitstamp didn’t conscionable rattle traders—it acceptable disconnected a domino effect of liquidations. Over $265 cardinal successful BTC agelong […]