Bitcoin and ether both experienced wild swings in the run-up to the SEC’s ETF decision on Thursday. ETH tumbled to $3,500 before surging to $3,900 as the first reports came through that approval of some filings was imminent. BTC, meanwhile, sank below $66,500, then spiked to $68,300 before settling just below $68,000. Liquidations across all leveraged crypto derivative positions soared to over $350 million during the day, the most since May 1, CoinGlass data shows. The bulk of the positions were longs betting on rising prices, worth roughly $250 million, suggesting that over-leveraged traders were caught off-guard by the sudden price plunge.
$68.67 Million in Minutes: Tom Lee’s BitMine Buys Ethereum Again
BitMine buys the dip as Ethereum retests $2,900BitMine buys 64,000 ETH in one dayBitMine Immersion Technologies (BMNR), a publicly traded...
