Falling cryptocurrency market forces nearly $ 2 billion into liquidations

Cryptocurrency traders lost nearly $ 1.9 billion due to the liquidations on February 15.

Bitcoin hit a new high, but fell soon after.

The cryptocurrency’s market capitalization fell by $ 1 billion after hitting an all-time high

After Bitcoin hit a new high, just below $ 50,000 on February 14, a sharp correction caused problems for many bullish crypto traders.

According to data from CoinGecko , Bitcoin Loophole hit a new high of $ 49,707 at the end of February 14. With the magic bar of $ 50,000 closer than ever, enthusiastic crypto traders have taken long positions.

The market had other plans, however. When Bitcoin fell back to a low below $ 46,000 in the early hours of February 15, the entire cryptocurrency market saw $ 1 billion disappear.

This slowdown resulted in the liquidation of many over-indebted long positions. Bybt data shows that in the past 24 hours, $ 1.89 billion in losses have been recorded.

Bybt data on cryptocurrency liquidations

As usual, Bitcoin and Ethereum made up the bulk of the liquidations, totaling over $ 9 million between the two.

It also appears that XRP traders have been caught off guard. XRP had steadily rebounded after losing 50% following the news of an SEC lawsuit against Ripple Labs. Traders have lost nearly $ 100 million betting on a continued recovery.

Other notable losses include EOS , Litecoin (LTC) and Cardano (ADA), all of which have recently seen peaks reaching historic highs. Each of these cryptocurrencies has suffered losses of more than $ 50 million.

This is the third highest figure for liquidations since the start of 2021. On January 10, long traders were forced to sell $ 2.5 billion after Bitcoin fell from $ 41,000 to $ 30,000. This is also the day that Ethereum went from a high of $ 1,350 to $ 900.

It looks like the bleeding has stopped for now. As of this writing, Bitcoin has recovered slightly and is trading again at the $ 47,400 level.

Os contratos futuros liquidados em USDT

Os contratos futuros liquidados em USDT estão ganhando popularidade, aqui está a razão

As bolsas Crypto oferecem USDT e BTC contratos de futuros perpétuos liquidados, mas qual é o mais adequado para o comerciante médio?

Quando BitMEX lançou seu mercado de futuros perpétuos Bitcoin (BTC) em 2016, ele criou um novo paradigma para os comerciantes de moedas criptográficas. Embora esta não tenha sido a primeira plataforma a oferecer swaps invertidos liquidados pelo BTC, a BitMEX trouxe usabilidade e liquidez para um Bitcoin Profit público mais amplo de investidores.

Os contratos BitMEX não envolviam fiat ou stablecoins e mesmo que o preço de referência fosse calculado em USD, todos os lucros e perdas eram pagos no BTC.

O avanço rápido para 2021, e os contratos liquidados em USDT (Tether) ganharam relevância. O uso de contratos baseados em USDT certamente torna mais fácil para os investidores de varejo calcularem seus lucros, perdas e a margem necessária, mas eles também têm desvantagens.

Por que os contratos liquidados pelo BTC são para comerciantes mais experientes

O Binance oferece contratos com margem de moeda (BTC-settled) e neste caso, em vez de depender da margem USDT, o comprador (longo) e o vendedor (curto) são obrigados a depositar o BTC como margem.

Ao negociar contratos com margem de moeda, não há necessidade de utilizar moedas estáveis. Portanto, tem menos risco colateral (margem). As moedas com garantia algorítmica têm problemas de estabilização, enquanto as moedas com garantia fiat correm riscos de apreensões e controles governamentais. Portanto, ao depositar e resgatar exclusivamente o BTC, um comerciante pode contornar esses riscos.

No lado negativo, sempre que o preço do BTC desce, o mesmo acontece com as garantias em termos de USD. Este impacto acontece porque os contratos são cotados em USD. Sempre que uma posição futura é aberta, a quantidade está sempre em quantidade contratual, seja 1 contrato = 1 USD na Bitmex e Deribit, ou 1 contrato = 100 USD na Binance, Huobi e OKEx.

Este efeito é conhecido como retornos futuros inversos não lineares e o comprador incorre em mais perdas quando o preço BTC cai. A diferença cresce tanto mais quanto mais o preço de referência se move para baixo a partir da posição inicial.

Os contratos liquidados em USDT são mais arriscados, mas mais fáceis de administrar.

Os contratos futuros liquidados em USDT são mais fáceis de administrar porque os retornos são lineares e não são afetados por fortes movimentos de preços BTC. Para aqueles dispostos a encurtar os contratos futuros, não há necessidade de comprar BTC a qualquer momento, mas há custos envolvidos para manter as posições em aberto.

Este contrato não precisa de um hedge ativo para proteger a exposição colateral (margem), portanto, é uma escolha melhor para os comerciantes de varejo.

Vale notar que carregar posições de longo prazo em qualquer moeda estável tem um risco embutido, que aumenta quando serviços de custódia de terceiros são utilizados. Esta é uma das razões pelas quais os stakers podem obter mais de 11% de APY em depósitos de moedas estáveis.

Se um investidor mede retornos em BTC ou fiat também desempenha um papel maciço nesta decisão. As mesas de arbitragem e os criadores de mercado tendem a preferir os contratos liquidados em USDT, uma vez que seu investimento alternativo é o de staking ou de baixo risco em dinheiro e carry trades.

Por outro lado, investidores de varejo de moedas criptográficas geralmente possuem BTC ou trocam para altcoins visando retornos mais altos do que um APY fixo. Assim, por ser o instrumento preferido dos comerciantes profissionais, os futuros liquidados em USDT estão ganhando mais tração.

Os pontos de vista e opiniões aqui expressos são unicamente os do autor e não refletem necessariamente os pontos de vista da Cointelegraph. Cada movimento de investimento e negociação envolve risco. Você deve conduzir sua própria pesquisa ao tomar uma decisão.

Burgemeester van Miami streeft naar ‚de meest vooruitstrevende cryptowetten‘

„We willen ervoor zorgen dat we geloven dat als alle dingen gelijk zijn, we winnen“, zei burgemeester Francis Suarez.

Francis Suarez, die sinds 2017 burgemeester van Miami is, wil de stad de aantrekkelijkste van de Verenigde Staten maken voor mensen in de crypto- en blockchain-industrie

In een interview met Forbes dat zondag werd gepubliceerd , zei Suarez dat wetgevers in Miami het beleid van cryptovriendelijke gebieden zoals Wyoming en New York onderzoeken in een poging om regelgevende prikkels voor Crypto Bull en blockchain in Florida te promoten.

„[Miami] zorgt ervoor dat we de meest progressieve cryptowetten hebben,“ zei Suarez. “We willen ervoor zorgen dat we geloven dat als alle dingen gelijk zijn, we winnen. Dus we willen gewoon het speelveld gelijk maken. We willen ervoor zorgen dat niemand een voordeel op ons heeft op basis van wetten die gemakkelijk kunnen worden gewijzigd. “

Burgemeester Suarez beschreef de race om de regelgevende winnaar te worden niet als een strijd tussen wetgevers in andere rechtsgebieden. In plaats daarvan gaf hij Wyoming „een pluim voor zijn slimheid“ in het aantrekken van cryptobedrijven, maar voegde eraan toe dat „elke stad in Amerika en in de wereld zou moeten proberen zijn technologie-ecosysteem te laten groeien.“

„We werken eraan om ervoor te zorgen dat onze prikkels aanwezig zijn en dat onze wetgeving crypto en blockchain promoot en vooruitstrevend is.“

De burgemeester heeft de afgelopen weken al verschillende bullish uitspraken gedaan over Bitcoin ( BTC ) en crypto, waaronder dat Miami overweegt om stadsmedewerkers te laten betalen in BTC in plaats van in Amerikaanse dollars. Hij stelde ook voor om inwoners van Miami te laten betalen voor lokale heffingen en belastingen met behulp van cryptovaluta en om een ​​deel van de schatkist van de stad in Bitcoin te investeren, een taak die hij „de moeilijkste“ van de drie ideeën noemde.

Hij heeft al gesproken met een paar spraakmakende figuren in de cryptocommunity, waaronder een ontmoeting met de mede-oprichters van Gemini, Tyler en Cameron Winklevoss. Eerder deze maand zei Tyler dat de burgemeester „de weg wijst voor regeringen en Bitcoin.“

Burgemeester Suarez heeft geen tijdlijn gegeven met betrekking tot wanneer deze acties van kracht kunnen worden voor de 450.000 inwoners van Miami, maar sommigen in de cryptogemeenschap hebben dit schijnbaar opgemerkt. Vorige week kondigde Bitcoin 2021 aan dat het van Los Angeles naar Miami zou verhuizen voor zijn cryptoconferentie in juni.

A complete history of the price evolution of Binance Coin (BNB)

Binance Coin hit a record high price of $ 55.40.

This is the third BNB market cycle.

BNB has been on the rise since March 2020

Binance Coin (BNB) has risen significantly since March 2020 and hit a new all-time high on February 4, 2021.

BitQT is currently in its third cycle. This article will compare previous market cycles and examine how the current cycle compares to them in terms of rate of increase and duration.

Premier cycle Binance Coin

The first market cycle for Binance Coin started with a low of $ 0.50 on November 17, 2017. BNB then rose 4,936% in just 67 days. It peaked with a high of $ 25.18, which was hit on January 12, 2017. This level remained the highest in asset history until April 2019.

Once that increase, BNB fell 84% in 329 days. This is a significant correction, but it was more gradual than the previous change.

BNB dropped to $ 4.12, reached on December 7, 2018. After that, BNB started its second cycle.

The second cycle was much more progressive than the first.

Binance Coin rose 861% in a 197-day period, peaking with a record price of $ 39.59 on June 22, 2019. This all-time high held until December 2020.

Interestingly, once BNB broke its previous all-time high, the price dropped significantly before finally recovering its losses.

Unlike the upside, the correction that followed was much more similar to the first. BNB fell 84% over 265 days in this correction.

After hitting a low of $ 6.30 on March 13, 2020 (very close to the previous low of $ 4.12) BNB has entered its third and current market cycle.

The third market cycle started with the low on March 13 and is still going on.

So far, Binance Coin has risen 693% in the following days, without suffering a significant drop.

After passing its previous all-time high, the BNB came back to validate it twice as support and has since progressed

This move was different from his first run over his old record high. BNB then declined considerably. Therefore, if the current zone holds, BNB is expected to rise at an accelerated pace.

So far BNB hit a new all-time high of $ 55.40 on February 4.

An 869% increase, similar to the second market cycle, would push BNB up to $ 62. An increase of 4,936%, as in the first market cycle, would take it to $ 320.