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Bitcoin’s April plunge: On track for worst month since August down 11% Short-term holders spark Bitcoin sell-off: Over $2 billion shed at loss to exchanges BlackRock continued inflows narrow gap: just 37,781 BTC separate IBIT from GBTC Analyst predicts low inflows for Hong Kong’s newly approved Bitcoin, Ethereum ETFs Bitcoin’s long-term holders shift to accumulation
Bitcoin back over $30,000 – spot driven rally, minimal amount of liquidations Bitcoin back over $30,000 – spot driven rally, minimal amount of liquidations James Van Straten · 12 months ago
Insights Bitcoin

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

Data via Glassnode

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

James Van Straten / @jvs_btc / Apr. 18, 2023 at 2:00 pm UTC

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)
Analyst

James Van Straten

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.

Latest Insights
Bitcoin’s April plunge: On track for worst month since August down 11%

Bitcoin’s April plunge: On track for worst month since August down 11%

Data via Glassnode 2 hours ago
Short-term holders spark Bitcoin sell-off: Over $2 billion shed at loss to exchanges

Short-term holders spark Bitcoin sell-off: Over $2 billion shed at loss to exchanges

Data via Glassnode 5 hours ago
BlackRock continued inflows narrow gap: just 37,781 BTC separate IBIT from GBTC

BlackRock continued inflows narrow gap: just 37,781 BTC separate IBIT from GBTC

Data via Glassnode 7 hours ago
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Bitcoin BTC (24h)
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.

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