1 month ago
To summarize the situation very briefly.
The company jumptrading has significant positions with leverage in the Japanese market.
The collapse of the Nikkei (second biggest dump in its history) triggered massive margin calls.
In disaster, its subsidiary Jump Crypto liquidated $500M of ETH in order to consolidate its stock market positions.
As the crypto market cannot absorb so many sales, it loses 15% in a few hours.
Note that Jump Trading is known for helping Terraform Labs manipulate the price of UST. In the process, they pocketed more than a billion dollars
The company jumptrading has significant positions with leverage in the Japanese market.
The collapse of the Nikkei (second biggest dump in its history) triggered massive margin calls.
In disaster, its subsidiary Jump Crypto liquidated $500M of ETH in order to consolidate its stock market positions.
As the crypto market cannot absorb so many sales, it loses 15% in a few hours.
Note that Jump Trading is known for helping Terraform Labs manipulate the price of UST. In the process, they pocketed more than a billion dollars
2 months ago
$316 million in liquidations in 24 hours! 🩸🩸
Yes, it's a very nice middle range cleanse. This is why I keep telling you not to trade in the middle of the range...
A little 500M before midnight??
Yes, it's a very nice middle range cleanse. This is why I keep telling you not to trade in the middle of the range...
A little 500M before midnight??
3 months ago
🚨 Ethereum ETFs will see $500 million in inflows in their first week according to analyst Lennix Lai.
“Although the assets under management of ETH ETFs are not as high as those of Bitcoin ETFs, their trading volumes can reach a similar level.”
https://www.dlnews.com/art.../
“Although the assets under management of ETH ETFs are not as high as those of Bitcoin ETFs, their trading volumes can reach a similar level.”
https://www.dlnews.com/art.../
