- Bitcoin, Ethereum ETF volumes saw a surge to almost $6 billion.
- BTC and ETH have seen a slight rebound in the last 24 hours.
Bitcoin [BTC] and Ethereum [ETH] experienced notable price declines during the last trading session, breaking through key support levels.
Despite this price downturn, there was a contrasting surge in activity within their respective Exchange-Traded Funds (ETFs), where trading volumes reached impressively high numbers.
Bitcoin, Ethereum ETF volumes hit record
Recent data from Coinglass highlighted a significant surge in trading volumes for Bitcoin and Ethereum ETFs. These assets collectively neared a substantial $6 billion in the last trading session.
Bitcoin ETFs accounted for most of this volume, amassing $5.70 billion, with BlackRock’s Bitcoin ETF leading the way at nearly $3 billion.
This figure underscored BlackRock’s dominant position in the market.
On the Ethereum side, ETFs also saw considerable activity, recording over $715 million in volume.
Grayscale’s Ethereum Trust emerged as the top contributor, with over $261 million in trading volume, highlighting its prominence among Ethereum investment products.
These volumes in Bitcoin and Ethereum ETFs during the last session are particularly noteworthy, as they occurred amidst overall market volatility and price declines for both cryptocurrencies.
Market liquidation amidst ETF spike
The broader saw a dramatic spike in liquidation volumes amid a notable surge in Bitcoin and Ethereum ETF volumes. This surge in liquidations reached levels not seen since March.
Data analysis revealed that the total market liquidation volume surpassed $1 billion on that day. A closer look at the breakdown of these figures showed that long positions bore the brunt of these liquidations.
The record showed over $801 million in long liquidations compared to $284 million in short liquidations.
Source: Coinglass
Focusing on individual cryptocurrencies, Bitcoin accounted for over $408 million of the total liquidations, with long positions again seeing a higher volume.
Ethereum also saw substantial liquidations, totaling almost $280 million, with long positions similarly dominating. BTC and ETH liquidations constituted more than half of the entire market’s liquidation volume.
BTC and ETH see slight recoveries
According to AMBCrypto’s analysis, Bitcoin and Ethereum’s price trends reveals modest daily recoveries. Bitcoin was trading at approximately $55,600 at press time, reflecting a more than 2% increase.
Is your portfolio green? Check out the ETH Profit Calculator
This followed a 6% drop in the previous session, which had reduced its price to around $54,000.
Meanwhile, Ethereum was priced at around $2,466, marking an increase of over 1% from the $2,421 recorded in the prior session, after a decline of more than 9%.
- Bitcoin, Ethereum ETF volumes saw a surge to almost $6 billion.
- BTC and ETH have seen a slight rebound in the last 24 hours.
Bitcoin [BTC] and Ethereum [ETH] experienced notable price declines during the last trading session, breaking through key support levels.
Despite this price downturn, there was a contrasting surge in activity within their respective Exchange-Traded Funds (ETFs), where trading volumes reached impressively high numbers.
Bitcoin, Ethereum ETF volumes hit record
Recent data from Coinglass highlighted a significant surge in trading volumes for Bitcoin and Ethereum ETFs. These assets collectively neared a substantial $6 billion in the last trading session.
Bitcoin ETFs accounted for most of this volume, amassing $5.70 billion, with BlackRock’s Bitcoin ETF leading the way at nearly $3 billion.
This figure underscored BlackRock’s dominant position in the market.
On the Ethereum side, ETFs also saw considerable activity, recording over $715 million in volume.
Grayscale’s Ethereum Trust emerged as the top contributor, with over $261 million in trading volume, highlighting its prominence among Ethereum investment products.
These volumes in Bitcoin and Ethereum ETFs during the last session are particularly noteworthy, as they occurred amidst overall market volatility and price declines for both cryptocurrencies.
Market liquidation amidst ETF spike
The broader saw a dramatic spike in liquidation volumes amid a notable surge in Bitcoin and Ethereum ETF volumes. This surge in liquidations reached levels not seen since March.
Data analysis revealed that the total market liquidation volume surpassed $1 billion on that day. A closer look at the breakdown of these figures showed that long positions bore the brunt of these liquidations.
The record showed over $801 million in long liquidations compared to $284 million in short liquidations.
Source: Coinglass
Focusing on individual cryptocurrencies, Bitcoin accounted for over $408 million of the total liquidations, with long positions again seeing a higher volume.
Ethereum also saw substantial liquidations, totaling almost $280 million, with long positions similarly dominating. BTC and ETH liquidations constituted more than half of the entire market’s liquidation volume.
BTC and ETH see slight recoveries
According to AMBCrypto’s analysis, Bitcoin and Ethereum’s price trends reveals modest daily recoveries. Bitcoin was trading at approximately $55,600 at press time, reflecting a more than 2% increase.
Is your portfolio green? Check out the ETH Profit Calculator
This followed a 6% drop in the previous session, which had reduced its price to around $54,000.
Meanwhile, Ethereum was priced at around $2,466, marking an increase of over 1% from the $2,421 recorded in the prior session, after a decline of more than 9%.
clomiphene order clomiphene price at clicks how to get generic clomid without dr prescription clomid pregnancy can you buy generic clomiphene prices how to buy generic clomid price order cheap clomid without prescription
Thanks for sharing. It’s first quality.
purchase azithromycin generic – purchase flagyl sale buy generic flagyl 400mg
generic rybelsus 14mg – order semaglutide 14mg generic periactin online buy
motilium generic – purchase tetracycline generic flexeril sale
propranolol uk – purchase plavix without prescription buy methotrexate medication
buy amoxicillin generic – where can i buy amoxil buy ipratropium 100mcg online cheap
azithromycin 500mg us – buy cheap generic tindamax bystolic buy online
order augmentin 625mg for sale – https://atbioinfo.com/ how to buy acillin
esomeprazole cost – nexium to us esomeprazole 20mg without prescription
buy coumadin 2mg without prescription – https://coumamide.com/ cozaar 25mg without prescription
meloxicam 15mg drug – relieve pain mobic order
buy deltasone pills – allergic reactions order deltasone 20mg for sale
ed pills – https://fastedtotake.com/ hims ed pills
buy amoxicillin without a prescription – combamoxi.com amoxil tablet
order diflucan 200mg – https://gpdifluca.com/# buy diflucan 100mg generic
cenforce 50mg over the counter – on this site buy cenforce 100mg online
cialis high blood pressure – https://ciltadgn.com/ e20 pill cialis
order zantac – https://aranitidine.com/# buy ranitidine 150mg pills
vidalista tadalafil reviews – https://strongtadafl.com/ cialis mexico
This is the big-hearted of scribble literary works I positively appreciate. https://gnolvade.com/
50mg viagra – site cheap viagra quick delivery
More content pieces like this would urge the web better. https://buyfastonl.com/furosemide.html
Greetings! Utter productive advice within this article! It’s the scarcely changes which choice espy the largest changes. Thanks a quantity for sharing! https://ursxdol.com/cenforce-100-200-mg-ed/
With thanks. Loads of erudition! https://prohnrg.com/product/metoprolol-25-mg-tablets/
This is the kind of serenity I have reading. on this site