The Sharp Rise in Bitcoin and Ethereum Upset the Bears! 340 Million Dollars Evaporated!

this week Ethereum We have entered a critical week for Until yesterday SECWhile there is a higher probability of rejecting spot ETH ETFs, yesterday’s news increased the possibility of approval.

Bloomberg senior ETF analysts stated that they revised the approval probability, which they had previously announced as 25 percent, to 75 percent, based on their X accounts.

This positive news from the USA was greeted with great enthusiasm in the cryptocurrency market and Ethereum and BitcoinThere were significant increases in altcoins, including .

Firstly, under the influence of the news ETH It reached $3,670 while experiencing an impressive rise of more than 18% in the last 24 hours.

BTC With an increase of 6.2%, it rose above $ 70,000 again and reached $ 71,240.

This rising wave initiated by the Ethereum ETF news altcoinIt also mobilized the people.

Accordingly, with a 30% increase in the last 24 hours Lido DAO (LDO) ranked first, with a 25% increase Pyth Network (PYTH) Second; With an increase of 19% Bonk (BONK) also ranked third.

Ethena (ENA) 19.25%; PENDLE 18.4%; Arbitrum (ARB) 17.17%; Ethereum Classic (ETC) It increased by 12.9%.

After the Sharp Rise in Bitcoin and Ethereum, $340 Million Evaporated!

Bitcoin, Ethereum While there were sharp increases in altcoins and altcoins, investors in short positions were left in reverse and liquidated.

At this point, according to data from CoinGlass, $340 million was liquidated in crypto futures in the last 24 hours. Of this, $263 million consisted of short positions and $77 million consisted of long positions.

In addition, while 78,928 investors were liquid in the last 24 hours, the largest liquidation was on the Huobi exchange. ETH-USDT took place in the process.

The largest liquidation occurred in ETH with $115 million, followed by Bitcoin with $99.9 million.

*This is not investment advice.