Bitcoin has remained above the $45,000 mark amid a period of high volatility over the past 24 hours.

On Tuesday, a security breach of the SEC’s official X account resulted in a false message about the approval of a spot bitcoin ETF.

This post triggered volatile market action, causing the bitcoin price to surge to almost $48,000. However, once the agency clarified that the tweet was fake, the price plunged back into the $45,000 range, causing significant amount of liquidations.

The price volatility led to the liquidation of over $90 million worth of leveraged bitcoin positions. 

According to Coinglass data, the total liquidations for all leveraged crypto positions amount to $230 million. The majority of the liquidations were long positions, with $140 million wiped out and $91 …