Bitcoin Liquidations Hit $120M in Four Hours of ETF Trading after Spiking to $49K and Crashing to $46K
The extreme volatility in the Bitcoin market caused liquidations of more than $170 million after spot BTC ETFs went live. The price of Bitcoin (BTC) swung wildly after the United States saw its first spot Bitcoin exchange-traded fund (ETF) launched. Following the news, BTC jumped past $49,000, a price not seen since December 2021. However,…