[News Brief] Apr 22, morning | $400 Million in Long Positions Liquidated Across Crypto Market in the Last 10 Minutes

Crypto Market Sees $400 Million in Long Liquidations in the Last 10 Minutes

More than $400 million in long positions were liquidated across the cryptocurrency market in the last 10 minutes.

According to Watcher.Guru, leveraged long positions were rapidly unwound on the 23rd (KST), amplifying market volatility. Long liquidation refers to the forced closure of buy positions when margin becomes insufficient during a price decline.

BTC Falls Below $75,000

BTC dropped below $75,000. Based on OKX prices, BTC was trading at $74,999.90, down 2.34% on the day.

According to Odaily, BTC showed short-term weakness on OKX and fell below the key price level of $75,000.

Bitcoin Weakness Attributed to Rising U.S. Treasury Yields and Heavy ETF Outflows

According to Odaily, rising U.S. Treasury yields and sovereign bond yields in major economies are weakening investor appetite for allocations to high-risk, non-yielding assets such as Bitcoin.

Bitcoin fell more than 3% over the past 24 hours and is now about 10% below its recent short-term high of roughly $82,500 on May 6. U.S. spot Bitcoin ETFs recorded approximately $1.26 billion in net outflows this week, marking the largest weekly outflow since January.

Last week, U.S. spot Bitcoin ETFs also saw about $1 billion in outflows, bringing cumulative net outflows over the past two weeks to more than $2.26 billion. Market observers also suggested that concerns over commodity supply linked to the situation in Iran and speculative flows tied to a potential SpaceX IPO may be diverting capital.

CoinGlass Tallies $378 Million in Crypto Liquidations Over the Past Hour

According to Odaily, CoinGlass data showed that a total of $378 million in positions were liquidated across the cryptocurrency market over the past hour.

Of that total, long liquidations accounted for $349 million, making up the vast majority, while short liquidations came to $29.12 million. BTC liquidations totaled $164 million, and ETH liquidations reached $114 million.

Large-scale long liquidations typically occur when leveraged positions are forcibly closed during a short-term decline in prices.

Whale Alert: 65,631 ETH Transferred to Coinbase

According to Whale Alert, 65,631 ETH was transferred from an anonymous wallet to Coinbase.

The transfer was worth about $133,258,253. Large inflows to exchanges are commonly interpreted as a short-term bearish factor because they may signal potential selling pressure.

Whale Alert: 50,783 ETH Transferred to Coinbase

According to Whale Alert, 50,783 ETH, worth about $103.08 million, was transferred from an anonymous wallet to Coinbase.

While exchange inflows can be interpreted as a sign of possible selling, whether the assets were actually sold has not been confirmed.

FDIC Proposes AML and Sanctions Compliance Rules for Stablecoin Issuers

Source: PANews. The U.S. Federal Deposit Insurance Corporation (FDIC) has proposed new rules setting anti-money laundering and sanctions compliance standards for supervised stablecoin issuers.

According to PANews on the 23rd, the proposal would require stablecoin issuers to comply with the Bank Secrecy Act (BSA), anti-money laundering and counter-terrorist financing (AML/CFT) rules, economic sanctions programs, and reporting requirements.

The proposal also includes requirements related to the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC). The proposal will be open for public comment for 60 days after publication in the Federal Register.

SEC Approves Nasdaq Bitcoin Index Options Trading

The U.S. Securities and Exchange Commission (SEC) has approved Nasdaq’s Bitcoin index options trading, according to Watcher.Guru.

The approval is seen as expanding institutional investors’ options for Bitcoin-related risk management and derivatives trading.

U.S. House Oversight Committee Plans Probe Into Possible Insider Trading at Polymarket and Kalshi

The U.S. House Oversight Committee plans to investigate possible insider trading involving prediction market firms Polymarket and Kalshi, CoinDesk reported.

James Comer, chairman of the House Committee on Oversight and Government Reform, said the committee would review internal records from the companies’ executives to determine whether government officials profited from policy, geopolitical, or military-operation-related information.

Comer also mentioned the possibility of pursuing legislation to ban lawmakers, government officials, and public employees from participating in prediction markets. The probe comes as congressional scrutiny intensifies over national security risks, insider trading concerns, and gambling-related controversy amid the rapid growth of prediction markets.

Saudi Media: Iran Proposed Keeping the Strait of Hormuz Open in Exchange for U.S. Compensation

According to PANews, Saudi outlet Al Hadath reported that Iran proposed keeping the Strait of Hormuz open on the condition that the United States provide compensation.

Iran reportedly maintains that sanctions and frozen assets should be discussed before signing any agreement. The Strait of Hormuz is a major oil shipping route, and tensions surrounding it can affect energy prices and sentiment toward risk assets.