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

Bitcoin's strong price action continues as only 11.7% of all BTC now sits on exchanges.

James Van Straten
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James Van Straten
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
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Quick Take:

  • The crypto market has recorded nearly $400 million in liquidations in the past 24 hours. BTC briefly surpassed $23k.
  • Only 11.7% of all BTC supply now sits on exchanges, the lowest amount since December 2017.
  • Almost $500 million in Bitcoin has been withdrawn from exchanges in the past 24 hours.
  • However, Ethereum has only seen around $100 million withdrawn from exchanges in the past 24 hours.
Bitcoin: Net Transfer Volume from/to Exchanges Breakdown by Size (USD] - All Exchanges
Bitcoin: Net Transfer Volume from/to Exchanges Breakdown by Size (USD] – All Exchanges / Source: Glassnode
Price of Bitcoin
Bitcoin Price (Source: TradingVIew)
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James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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Bitcoin BTC (24h)
$79,599.01 -1.79%
Market Cap $1.59T
24H Volume $33.81B