Grayscale’s victory against the U.S. Security and Exchanges Commission (SEC) triggered over $90 million in liquidations during the past four hours, significantly impacting traders betting on the further decline of the market.
According to data from Coinglass, short traders accounted for 88% of the $97.63 million liquidations recorded in the market over the past four hours as Bitcoin (
Digital asset investment products recorded significant outflows totaling $168 million last week, marking its largest outflow since March, according to CoinShares’ latest weekly report.
CoinShares analyst James Butterfill attributed the substantial deficit mainly to recent delays by the U.S. Securities and Exchange Commission (SEC) in deciding a multitude of pending spot BTC ETF applications.
Earlier in the month, the SEC delayed its decision on the Ark 21Shares spot Bitcoin(
