ChainCatcher message, after the SEC's official account shared news about the Bitcoin ETF approval on X, Bitcoin initially rose by 2.5%, reaching a 19-month high of $47,900. Subsequently, SEC Chairman Gary Gensler stated that the account was hacked, leading to a significant drop in Bitcoin of nearly 6%, falling to $45,100. CoinGlass data shows that Bitcoin's price experienced a rise followed by a drop, with extreme volatility resulting in the liquidation of over $50 million in Bitcoin derivative trading positions on cryptocurrency exchanges within an hour.