In the past 24 hours, the crypto market experienced $660 million in liquidations, with long positions making up over 88% of the total. Ethereum longs led with $246 million, followed by Bitcoin longs at $161 million. Meanwhile, BTC ETFs have faced over $1 billion in net outflows since the CPI release, as market sentiment indicators fell sharply.
In other developments, a hacker group exploited X platform accounts to promote tokens, amassing over $14 million in profits. Additionally, VanEck and Grayscale have submitted revised applications for BNB ETFs, accelerating the progress towards a spot BNB ETF. Abu Dhabi's Mubadala increased its stake in BlackRock's IBIT to nearly $660 million, while BlackRock is in talks for a significant investment in SpaceX's IPO.
Crypto Market Sees $660M Liquidations, BNB ETF Progress, and Token Promotions
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.