Cryptocurrencies Sink as $1.5b in Bullish Bets Wiped Out
Posted3 months agoActive3 months ago
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CryptocurrencyMarket VolatilityFinancial Markets
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Cryptocurrency
Market Volatility
Financial Markets
The cryptocurrency market experienced a significant downturn, wiping out $1.5 billion in bullish bets, with little discussion or debate among HN users.
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Discussion (2 comments)
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wslhAuthor
3 months ago
https://archive.is/42A0B
paulpauper
3 months ago
Crypto is acting like a tech stock at this point, but with random dumps and underperformance in what is otherwise a relentless bull market. Hardly anyone getting rich by and buying holding it anymore, compared to pre-2018. You may as well just invest in QQQ at this point, which has less volatility, or QLD, which is the 2x version. It's performance is comparable to Bitcoin.
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ID: 45333947Type: storyLast synced: 11/17/2025, 1:07:23 PM
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