Grayscale’s victory against the U.S. Security and Exchanges Commission (SEC) triggered over $90 million in liquidations during the past four hours, significantly impacting traders betting on the further decline of the market.
According to data from Coinglass, short traders accounted for 88% of the $97.63 million liquidations recorded in the market over the past four hours as Bitcoin (BTC) and Ethereum (ETH) spiked by more than 5%, respectively.
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