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.

随着以太坊、比特币价格分别飙升至 3,800 美元和 71,000 美元，超过 90,000 美元的交易者在 24 小时内被清算。清算总额达到 3.83 亿美元，其中空头 2.97 亿美元，多头 8600 万美元。在最新进展后，市场对 SEC 批准现货以太 ETF 持乐观态度监管机构于周一晚间启动。

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的数据显示，过去24小时内有超过9万名交易者被清算，清算总额达到3.83亿美元。以太坊、比特币、狗狗币和其他代币价格飙升导致空头头寸被清算超过2.97亿美元。随着加密货币价格在周一晚间和周二飙升，多头头寸占清算头寸约 8600 万美元。

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.

根据 Coinglass 的数据，截至美国东部时间周二上午 11:40，清算交易者总数达到 93,833 人。最大规模的清算发生在 BitMEX 上，价值 426 万美元的 XBTUSD 交易被清算。以太坊交易者的空头清算额超过 1 亿美元。随着顶级山寨币 5 月 21 日飙升至 3,813 美元以上，以太坊 (ETH) 引领 24 小时清算，清算额超过 1.31 亿美元。其中包括总计 1.045 亿美元的空头和 2650 万美元的多头。除了以太坊之外，比特币 (BTC) 的价格也出现了大幅上涨。这一基准加密货币从周一的低点 6.7 万美元跃升至 71,650 美元的高点。周二。这些收益导致价值超过 1.06 亿美元的头寸被清算，其中包括 8800 万美元的空头和 1800 万美元的多头。Solana (SOL) 的总价值接近 2400 万美元，其中空头占超过 1790 万美元，多头占 590 万美元。其他代币过去 24 小时内出现显着清算的包括 1020 万美元的狗狗币 (DOGE)、700 万美元的佩佩 (PEPE) 和周一遭受重大安全漏洞的加拉 (GALA)。超过 269 万美元的空头头寸和价值 210 万美元的空头头寸尽管 Gala 收到了做市商 DWF Labs 的看涨预测，但过去 24 小时内多头已被清算，该公司宣布购买 2500 万个 GALA 代币。SEC 可能批准现货以太 ETF 提振多头大规模清算发生之际，现货市场出现了新的情绪以太坊 ETF 的批准提振了加密货币市场。在此之前，SEC 要求以太 ETF 发行人在 5 月 21 日上午 10 点之前提交 19b-4，这一进展使彭博 ETF 分析师获得 SEC 批准的几率从 25% 提高到 75%渣打银行的 Geoff Kendrick 周二在一份报告中表示，美国证券交易委员会有可能在本周为美国市场批准第一只现货以太坊 ETF。渣打银行还预测，到年底 ETH 价格可能飙升至 8,000 美元。今年 3 月，该银行分析师预计，在 ETF 的推动下，比特币价格可能会在 2024 年飙升至 15 万美元，到 2025 年底将飙升至 25 万美元。

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

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