Traders brace for ‘choppy road ahead’ after $19bn crypto bloodbath

Crypto traders are still on edge Monday morning as markets recover from Friday’s unprecedented meltdown. That’s according to Nick Forster, CEO and founder of analytics firm Derive, who said that options data shows traders playing defence. Volatility has spiked in Bitcoin and Ethereum markets, “signalling expectations of sustained turbulence and a choppy road ahead,” Forster said in a research note on Monday. More than $19 billion in leveraged positions were liquidated on Friday in a market-wide flash cr ...