Major cryptocurrencies surged on Thursday evening as crypto investors witnessed Bitcoin’s 50% surge less than two months after the approval ofBitcoin spot ETFs in January. What Happened: Bitcoin could liquidate $2 billion of BTC long positions with just a $3,000 drop from current levels, as revealed by data from monitoring resource CoinGlass. Traders are placing massive bets on the trajectory of BTC price. Bitcoin experienced a $10,000 drop within hours of hitting new all-time highs on March 5. However, it has since rebounded. Traders are placing significant bets on both sides of the current s…
