The First Liquidation after the Bull Run ?
The news regarding Bitcoin Spot ETF’s approval has affected the price surge in the Bitcoin market and, in limited way, for the rest of the cryptos.
This surge didn’t last until the confirmation from the reality and (fatally) there was a liquidation event from lower positions in the trading world.
More specifically, around $133 million were liquidated between the levels of $35,000 and $37,000, showing that some traders perform some profit-taking actions but the majority of them stand with a long-term outlook for Bitcoin.
During the last week, Ethereum seemed to have similar uplifting positions and reach again the $2,000 level as BlackRock has made another application for an ETF for the Ethereum’s spot price.
Everyone is holding his breath and wait for the decision from the US SEC….
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