June 30 (Cointime) - Bitcoin briefly reached $31,000 before dropping below $30,000 in a sudden sell-off, resulting in losses for traders holding positions in the market. Coinglass data shows that over $176 million was wiped out from those holding positions in various digital assets in the past 24 hours.
Short traders lost $92.78 million, with Bitcoin and Ethereum accounting for over $46.22 million of these losses, while long traders experienced $83.48 million in liquidations. The sudden crash coincided with a Wall Street Journal article that reported shortcomings in the spot Bitcoin ETF applications recently filed by BlackRock and Fidelity.
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