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Bitcoin longs liquidate $320M after SEC delays tokenized stock plan

Market News
23 May 2026
Crypto news
View Source
Bearish
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On May 22, Bitcoin long positions worth about $320 million were liquidated following the SEC's unexpected delay of a plan to grant exemptions for US crypto firms to trade tokenized stocks. This regulatory setback caused Bitcoin's price to drop toward $76,000 and ended a week of sustained buying pressure. Traders had built leveraged long positions expecting a regulatory green light, but the delay forced many to exit. The postponement highlights ongoing cautious regulatory moves in the US crypto market, impacting sentiment and market structure as investors await clearer rules on tokenized equities.

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