Bitcoin’s post-ETF rally triggered massive short liquidations, rewarding bullish traders.
The post Bitcoin’s post-ETF rally triggered massive short liquidations, rewarding bullish traders. appeared on BitcoinEthereumNews.com. Since the approval of Bitcoin spot ETFs in the U.S. in early 2024, Bitcoin (BTC) has rallied strongly, punishing bearish traders in the process. Altcoins have moved in the opposite direction, dealing a harsh blow to bullish investors hoping for an imminent “altseason.” A recent analysis on CryptoQuant highlights the contrast in liquidation patterns between BTC and altcoins since the approval of spot Bitcoin ETFs, offering a glimpse into the diverging paths taken by the two market segments. Short liquidations on Bitcoin have far exceeded long liquidations since the ETF approval, according to the report. Short liquidations on Bitcoin have far exceeded long liquidations since the ETF approval. Source: @joao_wedson Bitcoin’s post-ETF rally crushes the bears On Binance, Bitcoin’s Cumulative Liquidation Delta (CLD) showed that short liquidations on Bitcoin exceeded long liquidations by far since the SEC approved ETFs in early 2024. In essence, traders who bet against Bitcoin since then have been systematically forced out of their positions as BTC steadily climbed. In a post on X, analyst Joao Wedson, the author of the CryptoQuant report, stated, “The data doesn’t lie: since the ETF launch, there has been $190 million more in short liquidations than long liquidations on Binance.” According to Wedson, Bitcoin’s price strength during this period caught many bearish speculators off guard. Rather than correcting or stalling after the ETF launches, BTC has extended its rally, reinforcing its dominance and trust among institutional and retail investors alike. Altcoins have become a trap for bulls Unlike Bitcoin, the story is starkly different for the altcoin market. While Bitcoin has steadily climbed and squeezed shorts, altcoins have suffered from overwhelming long liquidations. According to CryptoQuant’s data, long liquidations in the altcoin market outpaced short liquidations by nearly $1 billion during the same post-ETF period. Long liquidations in the altcoin…
The post Bitcoin’s post-ETF rally triggered massive short liquidations, rewarding bullish traders. appeared on BitcoinEthereumNews.com.
Since the approval of Bitcoin spot ETFs in the U.S. in early 2024, Bitcoin (BTC) has rallied strongly, punishing bearish traders in the process. Altcoins have moved in the opposite direction, dealing a harsh blow to bullish investors hoping for an imminent “altseason.” A recent analysis on CryptoQuant highlights the contrast in liquidation patterns between BTC and altcoins since the approval of spot Bitcoin ETFs, offering a glimpse into the diverging paths taken by the two market segments. Short liquidations on Bitcoin have far exceeded long liquidations since the ETF approval, according to the report. Short liquidations on Bitcoin have far exceeded long liquidations since the ETF approval. Source: @joao_wedson Bitcoin’s post-ETF rally crushes the bears On Binance, Bitcoin’s Cumulative Liquidation Delta (CLD) showed that short liquidations on Bitcoin exceeded long liquidations by far since the SEC approved ETFs in early 2024. In essence, traders who bet against Bitcoin since then have been systematically forced out of their positions as BTC steadily climbed. In a post on X, analyst Joao Wedson, the author of the CryptoQuant report, stated, “The data doesn’t lie: since the ETF launch, there has been $190 million more in short liquidations than long liquidations on Binance.” According to Wedson, Bitcoin’s price strength during this period caught many bearish speculators off guard. Rather than correcting or stalling after the ETF launches, BTC has extended its rally, reinforcing its dominance and trust among institutional and retail investors alike. Altcoins have become a trap for bulls Unlike Bitcoin, the story is starkly different for the altcoin market. While Bitcoin has steadily climbed and squeezed shorts, altcoins have suffered from overwhelming long liquidations. According to CryptoQuant’s data, long liquidations in the altcoin market outpaced short liquidations by nearly $1 billion during the same post-ETF period. Long liquidations in the altcoin…
What's Your Reaction?
