Short Trades Make up 90% of $200M in Losses as Bitcoin, Ether Surge

Bitcoin and ether rose to over $24,500 and $1,600 respectively, leading to a market-wide recovery. Okb, the Native tokens of crypto exchange OKX, surged 20%, the most among major cryptocurrencies, while BNB Chain’s bnb (BNB) rose to $323 in Asian afternoon hours – reversing losses from earlier this week.