While all cryptocurrency investors and the market are waiting for the spot Bitcoin ETF approval news from the SEC, the SEC official page made a post yesterday stating that the ETFs were approved.
However, within minutes, it was announced that this post was fake and that the ETFs were not actually approved.
Making a statement on this issue, SEC Chairman Gary Gensler said that the SEC's official X account was hacked and the sharing was not made by the SEC.
This situation was later confirmed by X.
While all these developments were taking place, there were sharp upward and downward movements in Bitcoin. BTC, which approached $48,000 with the news that the ETFs were approved, fell to $44,700 after it was revealed that the approval news was fake.
During this rise and fall, a $218 million position in cryptocurrency futures was liquidated in the last 24 hours.
Of this, $135 million consisted of long positions and $82 million consisted of short positions.
While the most liquidations were in Bitcoin with $84 million, BTC was followed by Ethereum (ETH) and Solana (SOL).
The highest liquidation was in Binance with 82 million dollars, while OKX was liquidated with 72 million dollars and Bybit was liquidated with 36 million dollars.
*This is not investment advice.