More than 500 million USD in crypto liquidations were recorded in 24 hours as Bitcoin and Ethereum prices faced increased volatility. This led to the liquidation of many traders, with significant amounts on long positions, reflecting instability in the market.
Fidelity’s spot ETFs for Bitcoin and Ethereum experienced their largest daily net outflows. A substantial amount, 258.7 million USD in Bitcoin ETFs and 147.7 million USD in Ethereum ETFs, was withdrawn, highlighting a significant shift in market sentiment affecting these funds.
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