Black Friday for Longs? $253 Million Wiped Out in 24 Hours over Binance News

The cryptocurrency market saw a sharp downturn in the last 24 hours. News that the Nigerian government charged major exchange Binance, alleging it facilitated money laundering, appeared to trigger the move.  This development sparked evident fear among traders, leading to significant selloffs, increased volatility, and over $253 million in liquidated long positions across derivatives markets […] The post Black Friday for Longs? $253 Million Wiped Out in 24 Hours over Binance News appeared first on Coin Edition.