"False news of Bitcoin spot ETF approval" clears over 50 million dollars in BTC derivative positions
After the SEC's official account shared news about Bitcoin ETF approval on X, Bitcoin first rose by 2.5%, setting a 19-month high of $47,900. However, after SEC Chairman Gary Gensler reported that the account had been hacked, Bitcoin plummeted nearly 6% to $45,100. Data from CoinGlass shows that the price of Bitcoin fluctuated dramatically and cleared over $50 million worth of bitcoin derivative trading positions on cryptocurrency exchanges within an hour.
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