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20k BTC re-enters exchanges following largest Bitcoin long liquidation event this year 20k BTC re-enters exchanges following largest Bitcoin long liquidation event this year James Van Straten · 2 years ago
Insights Bitcoin

20k BTC re-enters exchanges following largest Bitcoin long liquidation event this year

Data via Glassnode

Exchanges witness surge in Bitcoin deposits: 20,000 BTC put back amid sell pressure and long liquidation events.

James Van Straten / @jvs_btc / Apr. 21, 2023 at 12:00 pm UTC

Quick Take

  • In the past two weeks, exchanges have seen roughly 20,000 Bitcoin (BTC) put back onto exchanges.
  • Bitcoin hit a local top of $30,000, and has descended below $28,000, which has seen a lot of sell pressure on top of the biggest long liquidation event of this year.
  • Currently, 2,313,385 million BTC sits on exchanges. However, this is up considerably in the past fourteen days, from 2,295,764.
Exchange Balance: (Source: Glassnode)
Exchange Balance: (Source: Glassnode)
Analyst

James Van Straten

Former Lead Analyst at 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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