— Bybit, Day trading
Crypto trader shorted the top, still lost 3,963%
Extreme negative funding rates turned the winning short-sale of a crypto meme into a huge loss, despite a correct bet on its decline.
Results for Trading
19 stories, newest first
Inside DeFi 008: A 99.93% loss, and are DAOs done?
Today, we look at a gung-ho swap which lost the user almost $50M, the move away from DAOs, and some short snippets from the security space.
— Aster, HyperLiquid
Oil price surge sparks billion-dollar trading frenzy on crypto platforms
Tokenized crude oil perpetuals on Hyperliquid have generated multiple, billion-dollar trading days this week.
US margin debt reached all-time highs as crypto lost $2 trillion
Crypto markets have been penalized with downside volatility amid historic levels of US margin debt relative to income.
Polymarket ends trading loophole for bitcoin quants
Polymarket quietly sunsetted one of its two de facto subsidies for quants adding liquidity to lure retail ‘taker’ orders.
Larry Lepard ragequits after Bloomberg analyst forecasts $10k BTC
After a senior Bloomberg analyst called for bitcoin to crash to $10k and kept interrupting his counterargument, Lawrence Lepard ragequit.
Binance’s $1B BTC buy fails to win back trust after Oct. 10
Skepticism about Binance and CZ continues to fester since October 10, and the company’s $1B BTC buy isn’t helping.
It’s like the GBTC premium, but in Chinese silver
Similar to how BTC traders once paid a premium for GBTC, Chinese traders are paying 60% above silver holdings for a Shenzen fund.
Crypto traders finally get gold — at all-time highs
The world’s largest crypto exchanges waited until gold had already rallied 70-80% to open up traditional products for retail trading.