Crypto Traders Bleed Heavily After Betting Against Market

Crypto Traders Bleed Heavily After Betting Against Market


The past week has been an eventful one for crypto traders, regardless of whether they were making profits or losses off the market. Over the weekend, the crypto market had seen some dramatic weekend, and as another trading week opens up, short traders have drawn the ‘short’ stick once more.

Losses Reach $180 Million

Over the last day, losses have ramped up in the market as the recovery trend has continued. It had first begun toward the end of last week when bitcoin had made a remarkable recovery above $20,000, pulling the rest of the crypto market up with it. Short traders had promptly begun to bleed following this, but it seems that would not be the end of their woes.

The weekend would prove

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