Bitcoin, Ether Traders Lose $200M to Liquidations in Choppy Market

Bitcoin, Ether Traders Lose 0M to Liquidations in Choppy Market
Futures traders betting on the upside for bitcoin and ether lost a cumulative $204 million to liquidations as prices dipped over the past 24 hours, Coinglass data show.Liquidations occur when an exchange closes a trader’s leveraged position as a safety mechanism due to a partial or total loss of the trader’s initial margin. That happens primarily in futures trading, which only tracks asset prices, as opposed to spot trading, where traders own the actual assets.Bitcoin traders alone lost over $103 million as the world’s largest cryptocurrency by market capitalization fell to as low as $35,550 before recovering to over $36,600…