$200 million in Bitcoin leaves exchanges amid ETF hearsay

$200 million in Bitcoin leaves exchanges amid ETF hearsay
фото показано с : cryptoslate.com

2023-10-16 20:30

Quick Take

Over the course of Oct. 16, a total of 7,000 Bitcoin, worth roughly $200 million, vacated exchanges. While some movement may be in response to a recent wave of misinformation regarding the approval of a Bitcoin spot ETF, the flurry of on-chain has persisted both before and after.

This movement was accompanied by a notable contraction in open interest, representing the total funds allocated in open futures contracts. Initially standing at $11 billion, open interest took a hit of over $1 billion, plunging to a little above $10 billion.

Open Interest: (Source: Glassnode)

The ripple effects didn’t stop there. In the past 24 hours, there has been a liquidation of $183 million in the crypto market, with Bitcoin accounting for over $100 million of this total. More than $80 million of these Bitcoin liquidations were in the form of short liquidations, marking the largest such event since August 17.

Liquidations: (Source: Coinglass)

The post $200 million in Bitcoin leaves exchanges amid ETF hearsay appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68853.64 (+0.24%)
Объем 24H $41.794b
Изменеия 24h: 0.31 %, 7d: -3.00 %
Cегодня L: $66916.68 - H: $68889.35
Капитализация $1361.784b Rank 1
Цена в час новости $ 28244.12 (143.78%)

bitcoin million etf 200 exchanges response approval

bitcoin million → Результатов: 126


Bitcoin Fees Soar Above Ethereum’s As Investors Flock To Ordinals-Backed Assets

CryptoFees data shows that Bitcoin daily fees averaged $10. 65 million from November 16 to November 18, surpassing Ethereum’s average fee of nearly $7 million for the same period. Until 2024, the US Securities and Exchange Commission (SEC) is deferring decisions on several Bitcoin ETF applications, despite the market’s increasing optimism about the approval of a spot Bitcoin exchange-traded fund (ETF) in the US.

2023-11-21 09:36


Фото:

Bitcoin’s rally near $28,000 sparks $75 million in market liquidations

Quick Take Bitcoin exhibited a price surge of more than 2.5% in the last 24 hours and an overall increase of 4% across the weekend, positioning it just under the noteworthy $28,000 mark. This uptick in Bitcoin’s value has had a significant ripple effect on the broader crypto market, instigating a total of $75 million […] The post Bitcoin’s rally near $28,000 sparks $75 million in market liquidations appeared first on CryptoSlate.

2023-10-16 11:51