Bitcoin approaches $30k amid $140M of liquidations in 24 hours

Bitcoin (BTC) approaches $30,000 once again amid $120 million in short liquidations and futures open interest (OI) collapse.

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

  • Bitcoin (BTC) touches $30,000 and is up over 5% today.
  • Liquidations were heavy to the short side — to over $120 million in the past 24 hours.
  • The perpetual funding rate on Bitcoin went negative this morning.
  • While futures open interest has risen over 8% in the past 24 hours, and then collapsed on the run-up to $30,000.
BTCUSD: (Source: Trading View)
BTCUSD: (Source: Trading View)

 

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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)
$78,058.03 -3.15%
Market Cap $1.56T
24H Volume $36.86B
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