After rumors spread that the SEC had approved the BTC spot ETF for Blackrock/iShares, Bitcoin experienced significant fluctuations on the same day, resulting in the liquidation of hundreds of millions of dollars in long/short positions. Bitcoin and Shanzhai CoinAfter rumors spread that the SEC had approved Blackrock/iShares' BTC spot ETF, Bitcoin immediately rebounded to $30000
After rumors spread that the SEC had approved the BTC spot ETF for Blackrock/iShares, Bitcoin experienced significant fluctuations on the same day, resulting in the liquidation of hundreds of millions of dollars in long/short positions.
Bitcoin and Shanzhai Coin
After rumors spread that the SEC had approved Blackrock/iShares' BTC spot ETF, Bitcoin immediately rebounded to $30000.
However, after BlackRock denied this claim and stated that its application was still under review, the price of the flagship assets quickly returned to around $28000.
According to CoinGlass data, when BTC hit $30000, short positions worth approximately $81 million were liquidated, while long positions worth $31 million evaporated during the pullback period.
When Bitcoin suddenly experiences drastic fluctuations during the day, the counterfeit currency market turns green.
The leading gainer among the top 100 is Bitcoin SV (BSV), with profits exceeding 12%, erasing all losses from the past 7 days.
Other projects such as Solana (SOL), IOTA (IOTA), Render (RNDR), Bitcoin Cash (BCH), Stacks (STX), BitTorrent (BIT), Nexo (NEXO), Synthetix (SNX), Polygon (MATIC), Litecoin (LTC), Tron (TRX), Aptos (APT)... rebounded from 2% to 8%.
After staying below the $1550 level in the past few days, Ethereum (ETH) suddenly surged above the $1600 level, reaching a local peak at $1639, and then slightly falling back to around $1590.
(Personal opinions do not constitute suggestions)
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