$632 million in liquidations: longs under pressure ahead of FOMC decision
- —According to Gate, $632 million was liquidated, of which $526 million were longs
- —TechFlow estimated liquidations at $488 million, AMBCrypto at about $600 million
- —ETH longs liquidated totaled $181 million, BTC longs $174 million
- —$450.4 million withdrawn from U.S. spot Bitcoin ETFs: FBTC $214.8 million, IBIT $161.7 million
Why it matters: The Fed decision and further ETF flows will determine whether the sell-off marks the start of a decline or merely a flush of excess leverage.
Source: TokenPost