The fake spot Bitcoin (BTC) exchange traded fund (ETF) approval news resulted in the liquidation of more than $100 million futures positions within 1 hour.
It was announced that the Blackrock spot Bitcoin ETF application (iShares spot Bitcoin ETF) was approved by the SEC. fake news cryptocurrency market shook it. According to data from on-chain analysis firm Coinglass, fake news can be detected in as little as 30 minutes. $111 million This led to the futures position being liquidated.
Bitcoin with the false news put forward $27,845 lived from the levels to 7.7% with near rise 30,000 It climbed to the dollar. Then, with the news being denied by many sources, the price of Bitcoin crashed. 28,100 It fell to the dollar. This sudden price movement Users taking positions on futures transactions shot.
Largest liquidated cryptocurrency exchange at OKX opened 8.86 million dollar Bitcoin long position was liquidated. 111 million total liquidation amount in dollars $46 million portion cryptocurrency exchange OKX 2nd place with liquidation of 30 million dollars. Binance yer took.
Positions in liquidation $67 million in Bitcoin short positions And $18 million in Ethereum (ETH) took place in long positions. When the data on all cryptocurrencies are examined, within 1 hour $71 million short While the (short) directional position is liquidated, long Total value of positions liquidated by for 33 million dollars It corresponds.