Business
Crypto-crash aftershocks hit traders with 50pc premiums vanishing – The Australian Financial Review
Hedging activity is on the rise and bullish bets are finding limited demand – rare times of restraint among day traders.
Its now collapsed to just 9 per cent, according to data provider Skew, which tracked rolling three-month contracts on crypto exchange Binance.
Volume in derivatives typically exceeds spot activity on most days, on strong demand to speculate with easy-to-trade instruments that offer leverage — often 100 times — to boot. All that means bulls almost always outnumber bears.
Now, crypto conviction is falling. Support from bitcoins star promoter Elon Musk has wavered and there are new regulatory hurdles…
-
Noosa News13 hours agoWoman dead and man rushed to hospital with gunshot wound following crash near Aussie World on Queensland’s Sunshine Coast
-
General19 hours agoBoy dies after being trapped between rocks off NSW beach
-
Noosa News19 hours agoFarmer Fred Perry’s 30-year conservation project creates bird haven after years of ‘bashing and burning’
-
Noosa News19 hours agoDetectives continue to search for answers on Crystal Beale’s death