Summary:
Bitcoin is up 4.5% on Tuesday despite back-to-back lawsuits from the U.S. Securities and Exchange Commission (SEC) targeting two of the world’s largest crypto exchanges this week. The event has triggered million in liquidations across the market over the last day – mostly consisting of shorts. Per data from Coinglass, .5 million in short trades have been cleared over the past 24 hours, alongside .4 million in long trades. At writing time, Bitcoin trades for ,146. When solely observing Bitcoin trades, Coinglass counted .87 million in short liquidations, and .27 million in long liquidations. The liquidation wave affected 32,000 traders, with the single largest liquidation order occurring on Binance at a size of .6 million. Bitcoin’s rally following
Topics:
Andrew Throuvalas considers the following as important: AA News, Bitcoin (BTC) Price
This could be interesting, too:
Bitcoin is up 4.5% on Tuesday despite back-to-back lawsuits from the U.S. Securities and Exchange Commission (SEC) targeting two of the world’s largest crypto exchanges this week. The event has triggered million in liquidations across the market over the last day – mostly consisting of shorts. Per data from Coinglass, .5 million in short trades have been cleared over the past 24 hours, alongside .4 million in long trades. At writing time, Bitcoin trades for ,146. When solely observing Bitcoin trades, Coinglass counted .87 million in short liquidations, and .27 million in long liquidations. The liquidation wave affected 32,000 traders, with the single largest liquidation order occurring on Binance at a size of .6 million. Bitcoin’s rally following
Topics:
Andrew Throuvalas considers the following as important: AA News, Bitcoin (BTC) Price
This could be interesting, too:
Wayne Jones writes Beyond Hacks: Vitalik Buterin Calls for Wallet Solutions to Address Crypto Loss
Chayanika Deka writes Internal Conflict at Thorchain as North Korean Hackers Leverage Network for Crypto Laundering
Chayanika Deka writes Consensys and SEC Reach Agreement to Dismiss MetaMask Securities Case
Chayanika Deka writes Meme Coins Do Not Qualify as Securities: SEC Confirms
Bitcoin is up 4.5% on Tuesday despite back-to-back lawsuits from the U.S. Securities and Exchange Commission (SEC) targeting two of the world’s largest crypto exchanges this week.
The event has triggered $94 million in liquidations across the market over the last day – mostly consisting of shorts.
- Per data from Coinglass, $61.5 million in short trades have been cleared over the past 24 hours, alongside $32.4 million in long trades. At writing time, Bitcoin trades for $27,146.
- When solely observing Bitcoin trades, Coinglass counted $30.87 million in short liquidations, and $7.27 million in long liquidations.
- The liquidation wave affected 32,000 traders, with the single largest liquidation order occurring on Binance at a size of $5.6 million.
- Bitcoin’s rally following Coinbase’s legal challenge from the SEC stands in stark contrast to its descent following the SEC’s Binance lawsuit on Monday.
- On-chain data from Blockware shows that small BTC addresses (<1 BTC) accumulated 2,545 BTC on Monday, meaning some investors may have bought the dip.
- By comparison, BNB and ADA posted relatively modest gains – two cryptos that were directly targeted in the Binance and Coinbase lawsuits respectively.