Futures trades betting on higher prices lost over $230 million in the past 24 hours, liquidations data tracked by CoinGlass shows. BTC and ETH-tracked futures saw over $60 million in long liquidations a piece, while products tracking DOGE, SOL, XRP, and pepe coin (PEPE) recorded at least $4 million in losses.
Bitcoin (BTC) Price Decline Spurs Buying of Spot ETFs
As for price action, bitcoin has seen a very modest of bounce since tumbling from nearly $61,000 Wednesday to under...