Source: CoinDesk
“Bitcoin’s two-way price action is squeezing both leveraged bullish and bearish plays, underscoring challenging market conditions for traders. In the past 24 hours, BTC’s price has traded back and forth between $107,000 and $113,000, wiping out roughly $600 million in market-wide bullish and bearish futures bets. … Leveraged positions on perpetual futures exchanges are automatically closed when traders’ margin levels fall below maintenance thresholds, often causing cascading price moves as positions are sold into thin liquidity.” [editor’s note: A good case for either buying and holding/spending crypto or not doing so, rather than treating the market as a casino gaming table – TLK] (10/22/25)