Crypto News

Over $700 million of short and long positions get liquidated as Bitcoin fell below $67,000

Bitcoin's price has experienced a significant correction

Bitcoin’s price has experienced a significant correction, trading below $67,000, a 8.9% drop in the last 24 hours.

This has led to massive liquidations, with over $700 million long positions being liquidated. According to Coinglass, over $530 million in longs and $140 million in short positions have been liquidated, with $220 million in BTC longs being liquidated.

Most liquidations occurred on Binance and OKX exchanges, with $248 million and $236 million respectively. Ethereum, the second-largest crypto in market cap, also dropped below $3,700, down 10% in the last 24 hours.

The total net inflow of Bitcoin spot ETFs on March 14 was over $132 million, with the largest single-day net inflow being the BlackRock ETF IBIT at $345 million.

The current total historical net inflow of IBIT has reached $12.37 billion, followed by VanEck ETF HODL at approximately $137 million.

additionally, the total net asset value of Bitcoin spot ETFs is $57.86 billion, with the ETF net asset ratio reaching 4.16% and the historical cumulative net inflow reaching $11.96 billion.


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