Leading cryptocurrency Bitcoin It surpassed $30,000 for the first time in 10 weeks, reaching $30,200.
It then fell again to just under $30,000. BTC At the time of writing, it is trading at $29,860.
While this rise in BTC was driven by increasing optimism that spot Bitcoin ETF applications would be approved soon, significant increases were also seen in altcoins.
The biggest altcoin Ethereum While it rose relatively less in this upward wave, it dropped to $ 1,630.
ETH outside Solana (LEFT) It rose 12%, pushing its weekly gains to over 25%.
A Bitcoin fork other than ETH and SOL Bitcoin SV (BSV), It gained as much as 32% after Binance listed BSV’s perpetual futures with 50x leverage.
While green color is dominant in altcoins Ripple‘of SEC new victory over XRPIt also caused it to rise to $0.53.
These upward price movements in Bitcoin and altcoins upset investors who opened short positions.
at this point According to data from Coinglass, $107 million worth of transactions in leveraged positions were liquidated in the last 24 hours.
Of the $107 million liquidation, $79.24 million was in short positions and $27.9 million was in long positions.
BitcoinWhile a total of 45 million dollars of positions were liquidated in Ethereum, 14 million dollars were liquidated in Ethereum. BTC and ETH were followed by Solana and XRP.
*This is not investment advice.
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