Bitcoin ETF

Bitcoin

Million

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/market-turbulence-leads-to-over-138-million-in-futures-liquidations-as-bitcoin-struggles" rel="noopener noreferrer nofollow">Market Turbulence Leads to Over $138 Million in Futures Liquidations as Bitcoin Struggles</a> 
In the last 24 hours, the futures market experienced over $138 million in liquidations due to increased market volatility. Data from Coinglass shows that the majority of these liquidations affected long positions, with losses exceeding $120 million, while short positions accounted for approximately $18 million.
<a href="https://en.bitcoinhaber.net/bitcoin-attracts-20-million-in-institutional-funds-over-the-past-week" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price has fallen by 1.66% in the past day, dropping below the $41,000 mark, trading at $40,905 at the time of the report. Since the SEC’s approval of spot Bitcoin ETF applications twelve days ago, the leading cryptocurrency by market cap has lost over 7% of its value.
After the approvals, Bitcoin’s price managed to rise above $48,000 before recording a sharp drop to around $43,000 on January 10. Some analysts now predict further declines below the $40,000 level. BitMEX co-founder and Maelstrom CIO Arthur Hayes warned investors of a potential drop to $35,000, revealing his own bearish option position taken on March 29.
Following the SEC’s approvals of spot Bitcoin ETFs, the annual volatility of Bitcoin has increased from around 46% to over 52%. This heightened volatility led to the liquidation of nearly $30 million worth of Bitcoin futures positions, with long positions taking the brunt of the liquidations, exceeding $24 million in the last 24 hours.
Unrealized profits among Bitcoin holders have decreased from high levels observed after the launch of spot ETF products on January 11, potentially easing the increase in selling pressure. Data shows that the supply of profitable Bitcoin in circulation has dropped from a peak of 90% to 83% recently.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/market-turbulence-leads-to-over-138-million-in-futures-liquidations-as-bitcoin-struggles" rel="noopener noreferrer nofollow">Market Turbulence Leads to Over $138 Million in Futures Liquidations as Bitcoin Struggles</a></h5>

Market Turbulence Leads to Over $138 Million in Futures Liquidations as Bitcoin Struggles

BH NEWS

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