29/04/2022 ApeCoin Futures See $36M in Liquidations After Volatile Trading

The tokens surged and sank as new features in the Bored Ape Yacht Club ecosystem went live.

7QW5AE5S2NFNPFCLDXXCIOQPSE.jpg

Futures tracking ApeCoin’s APE tokens lost about $36 million in liquidations during a volatile 24 hours,data show.

  • Liquidations in the crypto market occur when a trader has insufficient funds to fund a margin call, which is when an exchange asks for extra collateral to keep the trading position funded.
  • APE prices jumped to more than $27.50 on Thursday evening from $19 on Wednesday, before profit-taking saw the tokens decline to as low as $20.48 in Asian morning hours on Friday. Such movement occurred in an otherwise little-changed crypto market, with bitcoin and ether moving just 2% in the past 24 hours.
  • APE has more than doubled from mid-April's levels around $11, with the volatility leading to an increase in trading volume on the token's futures. Liquidations have increased in parallel: APE futures have racked up millions of dollars in losses –higher than usual– for their traders several times in the past weeks.
  • Thursday’s volatility came as virtual pockets of landwent on saleon the popular Bored Ape Yacht Club (BAYC) ecosystem,confirming rumorsfrom last week. The land was sold exclusively for APE through aDutch auction, which probably drove APE prices up.
  • Most of the liquidations on APE in the past hours arose from short traders, or those betting against higher prices. Some $24.88 million worth of shorts were liquidated, data show, compared with $11 million in longs.
  • Crypto exchange OKX saw $10 million in liquidations, the most among all exchanges, followed by Binance at $9 million and Bybit at $7.98 million.
  • The higher-than-usual liquidation activity on APE was comparable to $37 million on ether futures, making them one of the most traded crypto futures in the past 24 hours. Bitcoin futures, however, continued to lead with in excess of $66.29 million.
Arts

https://www.coindesk.com/markets/2022/04/29/apecoin-futures-see-36m-in-liquidations-after-volatile-trading/

Interesting NFTs
CryptoPunk #5822
By C352B5
CryptoKitties
Heyo! I'm Kitty #448586. I've never told anyone this, but I once pawed at a dog. Sometimes I daydream of a life full of grooming, ice cream, and sleeping in fresh laundry. This will be an amewsing friendship.
T(r)opical
Inspired by and for the 2018 North American Bitcoin conference in Miami, Florida. The palm tree that has a cracked open Bitcoin coconut suggests that by traveling you can enjoy this tropical digital fruit. The peacock nesting in the tree has spread its wings to flaunt other integrated crypto logos as well. The famous Miami skyline at the bottom incorporates the coins, as well as the code that is transforming the banking buildings that made it. The origin of that skyline is in the 80's cocaine craze, so it is all incorporated into the story of foundational transformation, linked to a global movement. The file size is suitable for an 8K TV. Mr. Moe Levin, the founder of the conference is a collector a physical print of the work. Explainer video: https://www.youtube.com/watch?v=2J0ZfPCJdxY&feature=emb_title Upload resolution 8000x4000 PX at 300DPI
The Harvest
An anthropomorphic figure stands, wide eyed, staring at the viewer; its body masculine, muscular, and humanoid. Its “mind” dissociates into a conglomerate of structures resembling feathers, grain, teeth–as well as a radial flower “node”, casting linear rays throughout the composition. To his left, a vat of bodies gesture and writhe in a kind of amniotic soup, attended by a video game robot. The bot's red display reads “uWu”. Behind the robot and filling the left side of the composition is an archaic figure composed of a variety of vintage objects and symbols. Among them are a hardbound book with ancient cuneiform scripts, indicating barley, beer, bread, ox, house, and sky, behind which is a grimacing, salivating jagged toothed maw; and an old Commodore floppy drive. The figure’s head tilts toward an illuminated crescent moon, suggesting the Egyptian Sacred Bull. The archaic figure is composed of a variety of mutating cells, which shift in color, and pattern; eventually breaking free into an ephemeral broadcast of bubbles which move across the background. The work came into being against a psychological introspection, which included associations to pop culture such as alien abduction and pod people, as well as quite a bit of reflection on grains as a symbol of civilization, agriculture, sustenance, life, and imbibing (mainly whiskies).
Classical Collage
voronoi fun with some well known art