[News Brief] Apr 22, morning | Crypto Market Sees $1.105 Billion in Liquidations Over the Past 24 Hours

Crypto Market Sees $1.105 Billion in Liquidations Over the Past 24 Hours

According to CoinGlass data cited by Odaily, 196,868 traders were liquidated across the cryptocurrency market over the past 24 hours, with total liquidations reaching $1.105 billion.

Of this amount, approximately $891 million came from long-position liquidations, while about $215 million came from short-position liquidations. The largest single liquidation occurred on HTX in the BTC-USDT trading pair, totaling $59.6723 million.

BTC Falls Below $63,000

BTC fell below the $63,000 level, declining 5.91% over the past 24 hours.

Odaily, citing OKX market data, reported that BTC was trading at $62,973.4. Amid heightened recent volatility, the market is closely watching whether key support levels will hold.

$700 Million in Long Liquidations Across the Crypto Market in the Past Two Hours

Watcher.Guru reported on the 4th that $700 million worth of long positions were liquidated across the cryptocurrency market over the past two hours.

Long-position liquidations refer to the forced closure of leveraged trades that had bet on rising prices after reaching loss limits.

U.S. Treasury Secretary Says Strategic Bitcoin Reserve Push Is Moving Quickly

The U.S. Treasury Secretary said efforts to establish a strategic Bitcoin reserve are moving quickly.

According to @pete_rizzo, the Treasury Secretary also said that the Clarity Act, a crypto market structure bill, is expected to pass this summer.

He explained that the government is building a long-term legal framework for crypto. The remarks came as discussions continue in the United States over a Bitcoin reserve and broader digital asset regulatory reforms.

Strategy Records $11.5 Billion in Unrealized Losses on Bitcoin Investment

Michael Saylor’s Strategy has reportedly recorded $11.5 billion in unrealized losses on its Bitcoin investment.

According to Watcher.Guru, the loss reflects mark-to-market declines caused by Bitcoin price volatility. Strategy is one of the most prominent publicly listed companies to have accumulated Bitcoin on a large scale, and the value of its holdings fluctuates significantly with market prices.

Russian Finance Ministry Opposes Allowing Trading of Foreign Dollar-Denominated Stablecoins

Russia’s Finance Ministry has expressed a negative stance toward allowing the trading of foreign dollar-denominated stablecoins within Russia.

According to PANews, Russian Deputy Finance Minister Ivan Chebeskov said that if foreign stablecoins are traded on authorized platforms inside Russia, issuers could directly freeze users’ wallet assets, including USDT and USDC.

He noted that there have already been cases in which dollar-based stablecoins held by Russian entities were frozen, while Bitcoin and Ethereum have not yet been frozen due to a lack of technical means.

The Russian Finance Ministry maintains that a separate legal framework is needed for stablecoins. In particular, it believes priority should be given to reviewing stablecoins pegged to the ruble and the currencies of friendly nations.

The Finance Ministry and the central bank had previously stated that stablecoins should be excluded from the list of legal investment instruments, and debate continues over whether foreign stablecoins should be incorporated into Russia’s regulatory framework.

apxUSD Depegs, Falling to Around $0.94

PANews reported on the 4th that apxUSD, a stablecoin backed by preferred shares including STRC, fell to around $0.94, losing its peg.

According to the report, as BTC fell to roughly $63,000, the value of the collateral declined, contributing to a 4.6% drop in apxUSD.

Braxas Capital Sells 2,469 BTC Over a Day and a Half

Braxas Capital reportedly further reduced its BTC holdings, selling a total of 2,469 BTC over a day and a half.

According to PANews, on-chain analytics firm Ember said the crypto asset manager transferred 1,469 BTC, worth about $98.45 million, to Kraken and then withdrew 22.71 million USDC.

Ember added that Braxas Capital sold a cumulative 2,469 BTC, worth about $166 million, over a day and a half, at an average selling price of $67,210.

ETH Falls Below $1,800

Ethereum (ETH) dropped below $1,800, declining 2.08% over the day.

Source: Odaily. According to OKX market data, ETH was trading at $1,799.

Amid continued short-term volatility in major digital assets, the $1,800 level has remained a closely watched near-term price threshold for investors.

Crypto-Related Stocks Mostly Decline After U.S. Market Close

Odaily, citing MSX.COM data, reported that crypto-related stocks mostly declined after the U.S. market close.

The Dow Jones fell 1.21%, the S&P 500 declined 0.74%, and the Nasdaq dropped 0.89%. The VIX fear index rose 1.84%.

Among crypto-related stocks, Circle fell 10.63%, DeFi Development lost 8.36%, Bullish dropped 7.99%, Strategy declined 7.01%, and Bit Digital fell 6.57%.

MSX is a platform that trades RWA tokens based on U.S. stocks and ETFs, and lists related tokens including Apple, Amazon, Google, Meta, Microsoft, Netflix, and Nvidia.