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Bloomingbit Newsroom

Summary

It was reported that as the virtual asset market showed a downward trend, position liquidations of $1.5 billion occurred in the futures market.
In particular, it was noted that Ethereum recorded the highest liquidation volume at $13.8 million, followed by other major assets including Bitcoin.
It was reported that the market sentiment worsened as record-high net outflows of $773.5 million occurred in Bitcoin spot ETFs.

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The virtual asset (cryptocurrency) market has shown an overall downward trend, resulting in large-scale position liquidations in the futures market.

According to cryptocurrency media outlet BeInCrypto on the 25th (local time), a total of $1.5 billion (approximately 2.15 trillion won) in positions were liquidated in the virtual asset futures market over the past 24 hours.

Looking at liquidation volumes by virtual asset, Ethereum (ETH) had the highest at $13.8 million, followed by Bitcoin ($9 million), XRP ($2 million), Story ($1.6 million), and Solana ($1.5 million).

Amid this situation, indicators for spot ETFs, which represent institutional investors entering the market, are heading toward their worst. According to current figures, Fidelity FBTC saw net outflows of $344.7 million, with large net outflows also recorded from Bitwise BITB, Grayscale BTC, and GBTC. The current net outflow size for Bitcoin spot ETFs is $773.5 million, already recording the largest net outflow in history despite the fact that net flow indicators for BlackRock IBIT and ARK Invest ARKB have not yet been tallied.

The fear and greed index, which shows investor sentiment in the virtual asset market, recorded 21 points, down 4 points from the previous day, showing the lowest figure this year.

The virtual asset (cryptocurrency) market has shown an overall downward trend, resulting in large-scale position liquidations in the futures market.

Looking at liquidation volumes by virtual asset, Ethereum (ETH) had the highest at $13.8 million, followed by Bitcoin ($9 million), XRP ($2 million), Story ($1.6 million), and Solana ($1.5 million).

The fear and greed index, which shows investor sentiment in the virtual asset market, recorded 21 points, down 4 points from the previous day, showing the lowest figure this year.

The virtual asset (cryptocurrency) market has shown an overall downward trend, resulting in large-scale position liquidations in the futures market.

Looking at liquidation volumes by virtual asset, Ethereum (ETH) had the highest at $13.8 million, followed by Bitcoin ($9 million), XRP ($2 million), Story ($1.6 million), and Solana ($1.5 million).

The fear and greed index, which shows investor sentiment in the virtual asset market, recorded 21 points, down 4 points from the previous day, showing the lowest figure this year.

---> Difference: Coin ticker/hashtag registration

XRP