Bitcoin, Ether longs lose $380M after Senate vote

Crypto exchanges have liquidated roughly $571 million in bullish futures positions over 24 hours after the U.S. Senate failed to advance the CLARITY Act on Sept. 15, with Bitcoin and Ether longs absorbing around $190 million each. Summary Crypto exchanges liquidated roughly $571 million in long positions during the 24-hour selloff, CoinGlass reported. Bitcoin and Ether longs each lost roughly $190 million as leveraged bullish positions were force-closed. Senate cloture failed 49-50 on September 15, leaving H.R. 3633 short of required Senate support. XRP longs lost around $30 million, while Solana long liquidations totaled approximately $22 million overnight. Bitcoin traded near $75,834 on CoinGecko, down 2% over 24 hours during Wednesday’s early session. CoinGlass data cited by CoinDesk showed long liquidations at their highest level since Aug. 22, while short positions accounted for roughly $100 million during the same 24-hour window. The figures capture forced closures across exchanges tracked by CoinGlass and can change as the rolling period moves forward. Bitcoin and Ether account for most long liquidations Bitcoin and Ether produced the largest long-liquidation totals in the C...