$200M of Bitcoin long liquidations as BTC drops to $22k Quick Take
- Over $200M of long liquidations were wiped out on March. 3, according to Coinglass.
- Over 90% of the liquidations were long.
- This was due to a build-up of Futures Open Interest which continued to increase as February was ongoing.
- Last week, CryptoSlate monitored the excessive build-up of Futures OI that exceeded 500k, which as a result, gave us the liquidations we were waiting for.
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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.
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