Author: Michael Johnson

Ether fell as much as 9% in a single session on Monday, wiping out $500 million in bets. Bitcoin traded 0.8% lower, with nervous positioning seen in options. $23 billion in Bitcoin and Ether contracts are due to expire on Friday. A sharp crash on Monday wiped more than $1.5 billion from leveraged cryptocurrency positions, underscoring how fragile digital asset markets remain. The sudden liquidation wave, one of the largest this year, unfolded without a clear catalyst and hit Ether especially hard. By Tuesday morning in Asia, the dust had begun to settle, but prices remained under pressure and traders…