Hi Guys,
It's Big & Big
#alert About
$BTC Major Liquidations $300 Million !!
Bitcoin sub-$60K levels in focus after daily crypto liquidations near $300M
Bitcoin bears are out in force with BTC price trajectory quickly headed back to $60,000.
BTC tickers down $60,293 hit two-week lows around the April 30 Wall Street open after new spot price exchange-traded funds (ETFs) disappointed.
BTC price suddenly retargets $60,000 Data from Cointelegraph Markets Pro and TradingView tracked a precipitous drop on BTC/USD after the Asia trading session, with the pair losing $61,000 support.
Liquidations quickly mounted across crypto, totaling $275 million over 24 hours, per data from monitoring resource CoinGlass.
The already cautious mood turned firmly bearish as it emerged that the first day’s trading volumes for Hong Kong’s new Bitcoin ETFs had fallen considerably below expectations.
The new products managed $12.4 million — still impressive for the size of the local market, per Bloomberg Intelligence analyst, Eric Balchunas.
In a reaction on X (formerly Twitter), Balchunas gave a distinctly positive impression of the first day’s performance.
“East vs West: The US did $740m in assets and $4.6b in trading. These are far below that but if you adjust for the size of their mkt it is dif story: equiv of $25b+ and $1.6b, respectively,” one post read.
#HKETF #NFP #fomc #Write2Earrn