Bitcoin back over $30,000 – spot driven rally, minimal amount of liquidations

Bitcoin fights its way back to over $30,000 in a spot-driven rally — liquidations and open interest remain muted.

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 is back over $30,000 — 3% up on the day.
  • Shorts got liquidated by only $20 million in the past four hours.
  • While open interest stays relatively flat — denoting spot buying behavior.
OI: (Source: Glassnode)
OI: (Source: Glassnode)
Liquidations: (Source: CoinGlass)
Liquidations: (Source: CoinGlass)
BTCUSD: (Source: Trading View)
BTCUSD: (Source: Trading View)