Volatility Incoming: Bitcoins On Derivatives Exchanges At Its Highest Since May 19

Word is we’ve got a volatile weekend this Memorial Day weekend:

Volatility Incoming: Bitcoins On Derivatives Exchanges At Its Highest Since May 19

Bitcoins on derivatives exchanges are at their highest level since May 19, signaling a volatile weekend ahead.

Historically, derivatives exchanges like Binance Futures, BitFinex, and BitMEX are able to create massive price movements (a single entity or group of entities can create huge swings using a relatively low number of coins) thanks to the provision of massive amounts of leverage. These exchanges allow margin trading of even over 100X leverage.

Bitcoin had already seen much volatility over the past 24 hours, following a price decrease of 6% recording a 5-day low beneath $34K, as of writing these lines.

Full article here: https://cryptopotato.com/volatility-incoming-bitcoins-on-derivatives-exchanges-at-its-highest-since-may-19/

 

Master Asked on May 30, 2021 in Bitcoin.
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