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$36.8 million is lost by traders as Bitcoin begins December strongly.

Posted on by Anna

$36.8 million is lost by traders as Bitcoin begins December strongly. Daily news below.

$36.8 million is lost by traders as Bitcoin begins December strongly.

With prices above $38,000, bitcoin is off to a strong start in December, leading to $36.88 million in liquidations and a 4% increase in interest in futures and options.
December saw a strong start for Bitcoin, with its price rising above $38,000 and almost hitting $38,400. The market for digital currencies is being significantly impacted by this increase.
About $36.88 million worth of short positions were liquidated in a single day. Of all the exchanges, Binance was the largest with $15.62 million in liquidations.
In addition, there could be possible liquidations worth $500 million if the price of bitcoin fluctuates between $38,300 and $39,000. This demonstrates the high level of leverage at play.
In addition, open interest in Bitcoin futures and options has increased as a result of the cryptocurrency’s price increase. The 4% increase in open interest suggests that more money is being invested in Bitcoin derivatives. Now leading the way in Bitcoin open interest is Binance.

Onchain DYDX, AVAX

#Wintermute also DEP $1.5M $DYDX on Binance after the project unlocked a large amount of tokens
In addition, #Cumberland also received $21.4M $AVAX from multisign wallet when $AVAX will soon unlock nearly $200M

The Other News

SEC confirms Cboe submitted additional documents for Fidelity Ethereum Spot ETF application. There will probably be an Ethereum Spot ETF before Bitcoin.
  • $FTT – FTX received court approval to liquidate Grayscale and Bitwise Trust assets worth $873M (previously $700M but due to market price increas
  • $DATA – Streamr Network launched incentivised testnet on December 4
  • $RARI – RARI Foundation launches RARI Chain built on Arbitrum
+) Designed specifically for NFT Creator
+) RARI will have more use cases
  • $CFG – Web3 Foundation partners with Centrifuse to make $1M investment in US Treasury, RWA, etc.
  • $MPL – Mapple cooperates with BitGo
+) BitGo provides Bitgo’s custodial services to Maple Secured Lending Direct Pool
  • Wormhole raises $225M at $2.5B valuation, completes split from Jump Crypto
  • Coinchange raised $10M in Series B funding round
+) G1 VC, Spirit Blockchain, Good News Ventures, etc.
+) Coinchange is an API-powered stablecoin yield aggregator

Explore latest news here: FMCPAY News

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