A piece of fake news wiped out $100 million.
Wall Street Insights.
On October 16, veteran cryptocurrency media: Cointelegraph reported that the U.S. Securities and Exchange Commission approved the Beilite and Bitcoin spot ETFs. The historic news about Bitcoin ETF was refuted by many parties and quickly spread all over the Internet! Bitcoin surges by 10%! But after the 10-minute climax, BlackRock said that its Bitcoin spot ETF was still under review. Bitcoin’s long positions quickly exploded to $26 million.
Diving, falling by more than 7%, short positions were liquidated to US$72 million. Why so excited? If the Bitcoin spot ETF is officially listed in the United States, it will have unprecedented influence and mark the increase in the legitimacy of Bitcoin.
#etf #ape #BTC $BTC $ETH
Wall Street Insights.
On October 16, veteran cryptocurrency media: Cointelegraph reported that the U.S. Securities and Exchange Commission approved the Beilite and Bitcoin spot ETFs. The historic news about Bitcoin ETF was refuted by many parties and quickly spread all over the Internet! Bitcoin surges by 10%! But after the 10-minute climax, BlackRock said that its Bitcoin spot ETF was still under review. Bitcoin’s long positions quickly exploded to $26 million.
Diving, falling by more than 7%, short positions were liquidated to US$72 million. Why so excited? If the Bitcoin spot ETF is officially listed in the United States, it will have unprecedented influence and mark the increase in the legitimacy of Bitcoin.
#etf #ape #BTC $BTC $ETH