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…
-
General24 hours agoTasmanian boy left homeless due to child protection department’s ‘gross negligence’, family member says
-
Business23 hours ago2 excellent ASX ETFs I think have great potential to beat the ASX 200
-
General14 hours agoHuman remains located, police make arrest in search for Sunbury man Joshua Bishop
-
Business24 hours agoThe smartest ASX dividend stocks to buy with $1,000 right now