Cryptocurrencies
Crypto Traders Loved Big Leveraged Bets Until Inexplicable Crash
- Retail traders argue tokens posted unexplained losses in crash
- Binance exchange says outflows caused leverage ratios to spike
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On the day of one of the cryptocurrency market’s worst routs, Alex Holland woke up to a wave of messages from friends and family. They knew he had made a big wager recently that prices would fall.