Bitcoin Sees Historic Levels Of Liquidation Across Multiple Exchanges
After a historic weekend of liquidations, where do the bitcoin price and investor interest currently stand?Late Saturday night and early Sunday morning, a selloff in the spot bitcoin market triggered a cascading number of liquidations across the derivatives market in a truly historic moment. Reputable blockchain analyst Willy Woo pointed to the 9,000 BTC inflow to cryptocurrency exchange Binance as the catalyst.Net transfer volume to Binance exchangeOpen interest in bitcoin futures has continued to climb throughout 2021, and was at an all-time high of approximately $24 billion prior to the....
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PRESS RELEASE. Based on the Anti-liquidation protocol, Shaktiio develops a liquidation protection programme for CeFi lending platforms. The anti-liquidation protocol aids the stability of the bitcoin market by preventing it from being overextended. The expansion of the loan market and the extensive usage of trading instruments, including the use of leverage, has resulted in the imposition of massive amounts of collateral on banks and other financial institutions. In the event of a dramatic market decline, mass liquidations will rise and harm the market unless a method is developed and....