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Bitcoin rises to over $21k, as shorts get squeezed out and returns to pre SVB price levels

Almost $100m of shorts liquidated in the past 24 hours

James Van Straten
Mar. 12, 2023 at 7:10 pm UTC
1 min read
Updated: Mar. 12, 2023 at 7:26 pm UTC
  • Bitcoin made a high on March 12, to $21,500, as futures markets prepared to open in the next few hours.
  • Almost $100 million of liquidations occurred in the past 24 hours
  • Markets have been net short Bitcoin in the past few days extensively.
  • While accumulation for spot Bitcoin was also happening at the same time.
Liquidations: (Source: Coinglass)
Liquidations: (Source: Coinglass)
BTC Price: (Source: ZeroHedge)
BTC Price: (Source: ZeroHedge)
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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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