Over $90,000 traders were liquidated in 24 hours as Ethereum, Bitcoin prices surged to $3,800 and $71k respectively.
Total liquidations reached $383 million, with $297 million in shorts and $86 million on longs.
Market is upbeat about SEC approving spot Ether ETF after latest developments the regulator initiated late Monday.

隨著以太坊、比特幣價格分別飆升至3,800 美元和71,000 美元，超過90,000 美元的交易者在24 小時內被清算。進展後，市場對SEC 批准現貨以太ETF 持樂觀態度監管機構於週一晚間啟動。

Coinglass data shows that more than 90,000 traders were liquidated in the past 24-hours, with total liquidations reaching $383 million.
The spike in prices for Ethereum, Bitcoin, Dogecoin and other tokens saw over $297 million in short positions liquidated. Longs accounted for about $86 million in liquidated positions as crypto prices skyrocketed late Monday and on Tuesday.

Coinglass的數據顯示，過去24小時內有超過9萬名交易者被清算，清算總額達到3.83億美元。 。隨著加密貨幣價格在周一晚間和周二飆升，多頭頭寸佔清算頭寸約 8,600 萬美元。

According to Coinglass, the total number of liquidated traders reached 93,833 at 11:40 am ET on Tuesday. The largest liquidation happened on BitMEX, with an XBTUSD trade worth $4.26 million liquidated.
Ethereum traders see over $100 million in short liquidations
Ethereum (ETH) led the 24-hour liquidation as the top altcoin’s spike to above $3,813 on May 21 saw over $131 million rekt. This included a total of $104.5 million in shorts and $26.5 million in longs.
As well as Ethereum, Bitcoin (BTC) also recorded a significant spike in its price.
The benchmark crypto jumped from lows of $67k on Monday to hit highs of $71,650 on Tuesday. The gains led to the liquidation of positions worth over $106 million, including $88 million in shorts and $18 million in longs.
Solana (SOL) saw a total of nearly $24 million, with shorts accounting for over $17.9 million and longs $5.9 million.
Other tokens to see notable liquidations in the past 24 hours are Dogecoin (DOGE) with $10.2 million, Pepe (PEPE) with $7 million and Gala (GALA), which suffered a major security breach on Monday.
Over $2.69 million short positions and $2.1 million worth of longs have been liquidated in the past 24 hours, although Gala has received a bullish forecast from market maker DWF Labs, which announced the purchase of 25 million GALA tokens.
SEC’s potential approval of spot Ether ETF boosts bulls
The huge liquidations come as fresh sentiment around spot Ethereum ETFs approval lifted the crypto market.
This followed SEC’s request for Ether ETF issuers to file their 19b-4s by 10 am on May 21, a development that has seen Bloomberg ETF analysts increase their odds for a SEC approval from 25% to 75%.
Standard Chartered Bank’s Geoff Kendrick said in a note on Tuesday that there’s a possibility of the SEC greenlighting the first spot Ethereum ETF for the US market this week.
Standard Chartered also predicts that ETH price could spike to $8,000 by the end of the year.
In March, analysts at the bank projected Bitcoin could surge to $150k in 2024 and $250k by end of 2025 on the back of ETF traction.

根據 Coinglass 的數據，截至美國東部時間週二上午 11:40，清算交易者總數達到 93,833 人。最大規模的清算發生在BitMEX 上，價值426 萬美元的XBTUSD 交易被清算。 ETH) 引領24 小時清算，清算額超過1.31 億美元。其中包括總計1.045 億美元的空頭和2,650 萬美元的多頭。美元的高點。這些收益導致價值超過1.06 億美元的頭寸被清算，其中包括8,800 萬美元的空頭和1,800 萬美元的多頭。萬美元。 269 萬美元的空頭頭寸和價值210 萬美元的空頭頭寸儘管Gala 收到了做市商DWF Labs 的看漲預測，但過去24 小時內多頭已被清算，該公司宣布購買2500 萬個GALA 代幣。在批准現貨以太ETF 提振多頭大規模清算發生之際，現貨市場出現了新的情緒以太坊ETF 的批准提振了加密貨幣市場。點前提交19b-4，這一進展使彭博ETF 分析師獲得SEC 批准的幾率從25% 提高到75%渣打銀行的Geoff Kendrick 週二在一份報告中表示，美國證券交易委員會有可能在本週為美國市場批准第一隻現貨以太坊ETF。年飆升至15 萬美元，到2025 年底將飆升至25 萬美元。

Source: https://thebittimes.com/over-90k-traders-liquidated-amid-massive-crypto-price-surge-tbt89193.html

資料來源：https://thebittimes.com/over-90k-traders-liquidated-amid-massive-crypto-price-surge-tbt89193.html