Bitcoin Trader Lost $15 Million in Minutes After the Wall Street Crash
By Luis Blanco
A single trader lost 201 BTC, worth about $15.6 million, in eight successive liquidations. The wipeout came as a sharp Wall Street selloff rattled crypto markets. The episode shows how quickly high leverage can erase large positions during sudden market swings. How One Trader Lost 201 BTC in Eight Liquidations A…
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Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinCryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
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