Bitcoin's billion-dollar wipeouts becoming an increasingly familiar sight

Detailed summary

Large liquidation events - whereby more than $500 million worth of Bitcoin positions are obliterated in a single 24-hour session - are becoming a recurring feature in the market

Derivatives account for roughly three-quarters of trading volume across crypto markets | Image: Bloomberg

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Opening of the article, excerpted from Business Standard. To read the rest, open the article on the publisher's site.