How short liquidations cleared $500B in crypto positions before institutional buyers took over
Crypto added roughly $500 billion in market value in a matter of days as Bitcoin ran from about $63,500 toward $80,000 last week. A liquidation squeeze powered much of the first phase, and regulated investment products then supplied fresh capital once forced buying began to fade. Tom Lee told Milk Road that the crypto…
Coins in this story
Discussion
Related stories
BlackRock drives $217M Bitcoin ETF rebound as altcoin funds continue streaks
Ether ETFs extended their inflow streak to 11 trading sessions, while XRP and Solana funds each logged a 10th consecutive positive session.
XRP investors poured $320M into ETFs while the funds sat on a $746M paper loss
Five major US spot XRP products held XRP with a combined fair value $746.1 million below accounting cost at the end of June, but investors kept buying anyway. According to SEC filings, Bitwise, Canary Capital, Franklin Templeton, 21Shares, and Grayscale recorded roughly $629.9 million in primary-market share creations…
Thailand SEC proposes retail access to regulated overseas crypto derivatives
Thailand’s SEC seeks comments on rules requiring retail-accessible overseas crypto derivatives to trade on qualifying, centrally cleared exchanges.