🚀📉 #Bitcoin ETFs debut in the US caused quite a stir, with $80M in long & short BTC futures bets impacted! Prices soared to $49K, boosting majors like #ETH & #SOL up to 10% within hours. But the party didn't last long, as BTC fell back to $45.7K. 📉🎢

The Grayscale Bitcoin ETF, an uplisting of its now-defunct BTC trust, likely saw volumes driven by sellers. This price rollercoaster led to both long & short BTC futures traders getting liquidated, totaling $83M, mostly on Binance. 😱💸

As BTC slid, other futures products followed suit, resulting in over $230M in liquidation losses. Ouch! 😬 What are your thoughts on this wild ride? Share your insights in the comments! 💬👇 #crypto #blockchain