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

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

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

  • 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)
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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)
$79,201.83 -1.29%
Market Cap $1.59T
24H Volume $33.08B
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