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…
-
General17 hours agoAustralia loses ODI series to South Africa with defeat in second game in Mackay
-
Noosa News22 hours agoFuel tanker driver killed in horror head-on crash near Blackbutt identified as beloved father-of-two
-
Noosa News21 hours agoPalestine protesters forced into last-minute reroute
-
Business20 hours agoUp 20% in 2 days, are Codan shares a buy, hold or sell?