Bitcoin ETFs Come Green, Despite $567 Million Crypto Bloodbath
Some days, the market makes sense. Other days, it looks like two completely different stories unfolding at once.
Thus, while the crypto market was drowning in liquidations in the last 24 hours with nearly 200,000 traders wiped out, $567.99 million were gone in a flash; Bitcoin ETFs, of all things, were quietly stacking up more BTC. It is a strange contrast but one that says a lot about where investors’ heads are at right now.
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Overall, long traders took a $370.27 million hit, while short sellers lost $197.84 million. Then there…
