Cryptocurrency

Bitcoin approaches $30k amid $140M of liquidations in 24 hours

quick take

  • Bitcoin (BTC) hits $30,000 and is up more than 5% today.
  • Liquidations have been heavy in the short term, reaching over $120 million in the last 24 hours.
  • of perpetual funding rate Bitcoin went negative this morning.
  • Open interest in futures rose more than 8% over the past 24 hours before plummeting to $30,000.
BTCUSD: (Source: Trading View)

 

The post of Bitcoin approaching $30,000 amid $140 million liquidation in 24 hours first appeared on CryptoSlate.

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