CFTC Chair Michael Selig Defends Approval of Perps Trading in the US The fight over perpetual futures, or “perps,” is heating up in Washington, and CFTC Chair Michael Selig is making the case that the US should stop pretending these markets can be kept outside its borders. Perps are high-risk crypto derivatives with no expiry […]
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Crypto liquidations hit roughly $27.9 million over the past 24 hours, with long traders taking most of the pain as Bitcoin, Ethereum, and a handful of altcoins got caught in a leverage flush. $27.9 million in liquidations over 24 hours Longs took about 60% of the damage Binance led exchange liquidations BTC and ETH saw […]
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Bitcoin Leverage Explodes as Traders Chase $70,000 Breakout Bitcoin is riding a tidal wave of speculation as traders load up on leveraged positions, betting hard on a breakout above the $70,000 mark. The largest daily spike in Open Interest for perpetual futures contracts since July 2024 (assuming a typo correction from 2025) signals a market […]
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