Reported 5 months ago
Bitcoin experienced a 2.12% dip following news of spot Ethereum ETF approvals, surprising traders who anticipated new highs after a recent rally. Analysts suggest the pullback may be a temporary correction, with BTC approaching a retest of a demand zone between $64,000 and $67,000, potentially indicating a bullish structure. However, leveraged positions suffered significant liquidations, totaling $227.51 million in 24 hours, with $159.3 million from long positions, including $46.75 million in the last hour alone.
Source: YAHOO