Bitcoin’s price rally above $69,000 leads to widespread market liquidations 
Quick Take
Bitcoin has started the week strong with a push above $69,000โup more than 3% today and marking its highest value since March 16. The move triggered a flood of liquidations in the digital asset ecosystem. These liquidations stem partly from the digital assets strong rally, peaking at an impressive $69,400.
Coinglass data shows that, in the past 24 hours, the ecosystem has seen nearly $200 million in liquidations, with shorts accounting for a predominant portion of the total, around $129 million. The last hour alone witnessed a massive $35 million worth of liquidations, primarily comprising of shorts.
Data from Coinglass indicates a substantial amount of leverage, approximately $1.18 billion, parked just above the $73,000 mark.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
