The Daily Dive #062 - Derivatives, Mayer Multiple, Stablecoins On Exchanges
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Derivative Market Update 10 days ago, on the day that El Salvador officially adopted bitcoin as legal tender, the price of bitcoin tanked, with the skeptics out in full force. As covered in The Daily Dive #054, the event was driven by cascading liquidations in the bitcoin futures and derivatives markets. Over-leveraged long positions were culled from the market, a very much welcomed and healthy development.
The Daily Dive #062 - Derivatives, Mayer Multiple, Stablecoins On Exchanges
The Daily Dive #062 - Derivatives, Mayer…
The Daily Dive #062 - Derivatives, Mayer Multiple, Stablecoins On Exchanges
Derivative Market Update 10 days ago, on the day that El Salvador officially adopted bitcoin as legal tender, the price of bitcoin tanked, with the skeptics out in full force. As covered in The Daily Dive #054, the event was driven by cascading liquidations in the bitcoin futures and derivatives markets. Over-leveraged long positions were culled from the market, a very much welcomed and healthy development.