Topic
liquidations
2 stories
One wallet's yield trade, a 3% dip, and $36.4M of Morpho liquidations
A single wallet's yield-token trade knocked PT-reUSD down about 3%, triggering roughly $36.4 million in liquidations on Morpho against looped positions that had under 3% of headroom.
Bitcoin adds 6% to $68,000 on Treasury buyback news, with gold up 2.7% alongside it
Bitcoin rose about 6% to just above $68,000 on Wednesday after Treasury Secretary Scott Bessent doubled the size of the department's bond buybacks, with between $1.14 billion and $1.4 billion in short positions liquidated depending on the window measured.