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Markets2d 0h ago
Bitcoin slid below $70,000 and experienced significant deleveraging with nearly $10 billion in long-futures liquidations over a single week, following the launch of CME Group's 24/7 crypto futures and options on May 29.
Globex
Who
CME Group, Wall Street, Tim McCourt, Terry Duffy, Bloomberg
What
Bitcoin slid below $70,000 and experienced significant deleveraging with nearly $10 billion in long-futures liquidations over a single week, following the launch of CME Group's 24/7 crypto futures and options on May 29.
When
Sat, 13 Jun 2026 08:25:39 GMT · 2d 0h ago
Where
Globex ·
Why
The launch of 24/7 trading for CME crypto futures coincided with a market deleveraging event, raising questions about whether regulated markets calm or accelerate weekend risk.
The Frontline Impact
How this affects you
The introduction of 24/7 regulated Bitcoin futures trading by CME Group, intended to provide institutional hedging tools, has instead been met with heightened market volatility and substantial liquidations, signaling potential new challenges for market stability.
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