Bitcoin Liquidations Top $500 Million After Sharp Market Correction - Tellbrief.com

Bitcoin Liquidations Top $500 Million After Sharp Market Correction

Discover SCENEThe cryptocurrency market sell off, which saw the Bitcoin price nose-dive by over 5% late Tuesday, resulted in massive liquidations totaling $526 million over 24 hours. Long positions accounted for $453 million and short positions for $73 million, according to data from CoinGlass.

On October 1, Bitcoin spot ETFs recorded a total net outflow of $243 million, the first outflow after eight consecutive days of net inflows, according to data from SoSo Value. Fidelity's (FBTC) ETF saw a significant outflow of $144 million, while ARKB reported $84.

3 million in net outflows. Grayscale's (ETHE) and Fidelity's (FETH) lost $26.

6 million and $24.9 million, respectively, data shows.

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