According to CoinGlass, the largest short liquidation since 2021 was recorded in the last 24 hours, with over 800 million dollars wiped from short positions. These figures do not fully account for Binance data, meaning the actual total could be even higher. This wave of liquidations is occurring against the backdrop of rising Bitcoin prices, fueled by renewed market optimism and bullish momentum.
Meanwhile, the CEO of Coinbase stated that legislation regarding stablecoins is progressing. After an initial round of discussions, he expects another vote early next week, as lawmakers familiarize themselves with the draft and make some adjustments. He believes the bill is nearing the President's desk for final approval.
In other positive news, Binance has significantly reduced gas fees for Binance Wallet and Binance Alpha BSC. Fees have been cut by 10 times, making the platforms much more economical and attractive for both everyday users and developers.
BTC
102,752.98
+3.19%
