By NewsBTC - 3 ай мурун - Окуу убактысы: 2 мүнөт
Bitcoin Spot ETF: SEC Mishap 220 миллион долларды крипто жоюуга алып келет
On Tuesday, the crypto market was taken by storm when a tweet emerged from the official X (formerly Twitter) account of the Америка Кошмо Штаттарынын баалуу кагаздар жана биржа комиссиясы (SEC) saying all Spot Bitcoin ETF applications had been approved. This had been initially followed by a surge in price but this was short-lived as the price would crash shortly after. The reason for this was because Gary Gensler, chairman of the Commission, revealed that the tweet was fake and the regulator’s social media account had been compromised.
SEC Hack 220 миллион долларды жоюуга түрткү болду
In the wake of the wild Bitcoin price fluctuations that were triggered by the SEC’s hack, a large number of crypto traders found themselves with massive losses on their hands. According to маалымат from CoinGlass, over $220 million have been liquidated in the last 24 hours, leading to the second-largest liquidation event so far in 2024.
The website also notes that over 70,000 traders were victims of this liquidation event as well. Also, given that the price of Bitcoin and other assets in the crypto market had seen price fluctuations in both directions, both long and short traders were affected.
Бирок, терс жагына болгон кыйроо узак убакытка созулганын эске алганда, узак соодагерлер бул убакыттын ичинде эң көп жоюулары бар топ катары чыгышты. Катталган 220 миллион доллардан ашык ликвидациялардын ичинен 60.47% узак соода 133.5 миллион долларды түздү, ошол эле мезгилде кыска мөөнөттөгү жоюулардын көлөмү 87.29 миллион долларды түздү.
Bitcoin saw the largest single liquidation order during this time as well which took place on the ByBit exchange. A single trade worth $6 million was liquidated across the BTCUSD trading pair, with total liquidations on the crypto exchange coming out to $36.66 million. This falls behind market leader Binance with $83.88 million and OKX with $73.97 million.
так Bitcoin ETF Is A Sell The News Event?
The debate of whether the так Bitcoin ETF approval has already been priced in and if an announcement will lead to a decline in price has been waxing stronger over the last few weeks. Experts have chimed in to give their thoughts on what will follow an approval.
Crypto analyst Andrew Kang believes that approval would lead to a scramble among applicants to grab as much as possible from the $10 billion to $20 billion expected to come from fees. As such, they will all be at the forefront of marketing to push their ETFs.
On the flip side, renowned economist, Peter Schiff, believes that a spot ETF would actually not be good for the asset. Apparently, the advent of a spot Bitcoin ETF would mean that there is no longer any good news to trigger a price rally. As such, it would turn into a ‘sell the news’ event.
Бирок, эгерде шейшембидеги көрсөткүчтөр боло турган болсо, анда бул SEC твиттерди хакерленген аккаунттан четке какканга чейин, баанын төмөндөшү бар экенин эске алганда, ETF буга чейин эле бааланганын билдириши мүмкүн.
Original булагы: NewsBTC