Cryptocurrency

Nearly $400M in crypto liquidations over 24 hours pushes Bitcoin above $23k

Quick take:

  • The crypto market has recorded around $400 million liquidation in the last 24 hours. BTC briefly surpassed $23,000.
  • Currently, only 11.7% of total BTC supply is on exchanges, the lowest amount since December 2017.
  • About $500 million of Bitcoin has been withdrawn from exchanges in the last 24 hours.
  • However, Ethereum has only withdrawn about $100 million from exchanges in the last 24 hours.
Bitcoin: Net Transfers To/From Exchanges (USD) – All Exchanges / Source: Glassnode
Bitcoin price
Bitcoin price (Source: TradingView)

A post about $400 million in 24-hour cryptocurrency liquidation pushes Bitcoin above $23,000 first appeared on CryptoSlate.

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