Bitcoin approaches $30k amid $140M of liquidations in 24 hours Quick Take
- Bitcoin (BTC) touches $30,000 and is up over 5% today.
- Liquidations were heavy to the short side โ 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.
Analyst 
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.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
