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Crypto Market Implodes as Nation Rejoices, Traders Flee Sanity for Donald-Trump-Approved Get-Rich-Quick Schemes

A  illustration of Donald Trump sitting at an oversized desk with stacks of money and cryptocurrency charts in front of him, surrounded by a chaotic crypto-trading scene behind him.

It’s official: Crypto Bro Town is officially rejoicing in their newfound love of Trump and America… or at least that’s what they’re trying to tell themselves after a recent surge in leveraged long positions on Bitcoin.

Source: bitcoin.com

A report indicates that post-U.S. elections, traders are favoring leveraged long positions in perpetuals and futures contracts. According to a new report by Bybit and Block Scholes, market trends in the period immediately after the U.S. elections suggest traders are leaning strongly toward leveraged long positions, especially in perpetuals and futures contracts. The preference, the report adds, shows traders believe that short-term market volatility has subsided, indicating a more stable […]

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