Over $100 million lost by traders betting against Bitcoin in anticipation of an ETF approval.

Bitcoin's price surged over $47,000, the highest since March 2022.

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The most significant losses occurred on the OKX exchange, followed by Binance.

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Increased open interest in futures indicates expectations of continued market volatility.

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Liquidations signal significant price movement, aiding trader positioning.

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BlackRock and Grayscale among potential issuers filing for Bitcoin ETFs.

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Thirteen proposed ETFs await SEC approval, competition intensifies.

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Final ETF approval or denial expected soon, with regulatory reviews ongoing.

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