Bitcoin And Ethereum Surge As Trading Volume Peaks
Today, Bitcoin (BTC) rallied by 4.57%, breaking the $59,000 mark, while Ethereum (ETH) also saw a 2.7% increase, reaching beyond $3,300. Coinglass reported that within the last 24 hours, a total of $233 million was liquidated, with $131 million attributed to short orders, resulting in the liquidation of 79,700 individuals. https://twitter.com/WuBlockchain/status/1762764443983962301?t=e-Ti9zMrs1KenrZYkpyU7w&s=19 ETF analyst Eric Balchunas of Bloomberg highlighted that on February 27, the daily trading volume of nine new spot Bitcoin ETFs, excluding GBTC, exceeded $2 billion for the second consecutive day. BlackRock IBIT's trading volume reached a record-breaking $1.3 billion, with over 100,000 unique transactions totaling $1.357 billion. https://twitter.com/EricBalchunas/status/1762589798827458693?t=204Q2lsmMGreaPBTDSEW3A&s=19 SoSoValue data revealed that on the same day, net inflows for Bitcoin spot ETFs hit $576 million. Notably, Grayscale ETF GBTC experienced a $125 million net outflow, while BlackRock's ETF IBIT recorded the highest net inflow of approximately $520 million, […]