🚨🚀Why the SEC will Reject Bitcoin Spot ETFs Again? 🚀🚨
According to Matrixport, this month's SEC approval of Bitcoin ETFs will be limited to none.
The market was rocked by fear after hearing the news. Additionally, trader and economist Alex Kruger had warned previously of an impending crisis.
Moreover, this led to a spike in the volume of Bitcoin trades. BTC volume exceeded $40 billion at the time of publication. This demonstrated intense selling pressure. Traders have also been impacted by liquidations, particularly longs.
The Liquidation HeatMap indicated that more over $500 million had been lost, according to Coinglass. Taking a hefty fall, Bitcoin lost $72.13 million.
The HeatMap's details also revealed that longs were most impacted.
