Cryptocurrency markets saw their biggest short position liquidation day in history on Wednesday, with over $1 billion in shorts liquidated over the space of a few hours.
Notable Statistics:
- Coinglass data shows 126,017 traders were liquidated in the past 24 hours for $1.92 billion.
- SoSoValue data shows net inflows of $189.3 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $71.5 million.
- In the past 24 hours, top gainers include Bitway, Pump.fun and MemeCore.
Notable Developments:
- Bitcoin, Ethereum, XRP Explode Over 6% Higher: Treasury’s Move Will Send ‘Inflation Soaring,’ Peter Schiff Warns
- BTC Cracks $68,000 and You May Want to Look at Kalshi to Predict Bitcoin’s Next Move Before Binance Does
- Strategy,…
