Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Crypto Futures Lose Over $550 Million in 24 Hours, Meme Coins Account for $90 Million of Evaporated Bets

Crypto Futures Lose Over $550 Million in 24 Hours, Meme Coins Account for $90 Million of Evaporated Bets

CointimeCointime2024/03/05 07:25
By:Cointime

In the past 24 hours, crypto-tracked futures have suffered losses of over $550 million, with meme coins alone accounting for $90 million in evaporated bets. Leveraged bets on crypto futures have increased to over $66 billion in the past week, with funding rates on some tokens exceeding 100% annualized. Bitcoin and ether briefly rose above $68,500 and $3,700, respectively, before experiencing profit-taking and falling to $64,500 and regaining the $67,000 level. Futures tracking dogecoin, shiba inu, and pepecoin lost a cumulative $90 million across exchanges in an unusual move.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

New spot margin trading pair — ES/USDT!

Bitget Announcement2025/07/24 05:56

SLPUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/23 11:57