Bitcoin's ETF Launch Sparks Short Squeezes as Altcoins Face Significant Liquidation Risks

Bitcoin's ETF Launch Sparks Short Squeezes as Altcoins Face Significant Liquidation Risks

The post Bitcoin’s ETF Launch Sparks Short Squeezes as Altcoins Face Significant Liquidation Risks appeared on BitcoinEthereumNews.com. Bitcoin’s recent surge post-ETF has highlighted contrasting trends, as altcoins suffer significant liquidation pressures, indicating a market shift. Market reactions reveal a notable divergence in investor sentiment, notably impacting Bitcoin and altcoins differently after ETF launches. According to analysts, th…

Bitcoin’s Price Sees Drop as Altcoin Traders Face Increased Pressure

Bitcoin’s recent upward trajectory has encountered resistance after reaching a record-breaking peak of over $111,000 last week. Following this new all-time high, Bitcoin has retraced approximately 4% in the past seven days, bringing its current trading price down to $105,485. This represents a daily decline of 1.8%, reflecting cautious market sentiment and potential profit-taking among traders. In light of these recent price movements, a CryptoQ…

Bitcoin’s post-ETF rally triggered massive short liquidations, rewarding bullish traders.

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 dive…