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Bitcoin dropped to $61,300 at 02:00 UTC before climbing back above $62,500, triggering $3 billion in liquidations over two days. Derivatives markets showed increased bearish positioning.
Substrate placeholder — needs reviewWeather trades, a form of financial derivatives based on weather events, are increasing in popularity. Retail investors, financial experts, and technology firms are participating in this market. The growth involves testing of new tools and broader market access.
Trader Tim / Wikimedia (CC BY-SA 4.0)Two traders have initiated substantial leveraged positions on Bitcoin, including a 30x long for $23.22 million and a 40x short for $28.5 million. The long position's liquidation price is set at $70,092.20, while the short's is at $72,183.7. These moves reflect ongoing trading act…