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Grayscale witnessing a double halving as Bitcoin holdings fall to 310k OG Bitcoin holders or ‘King’ Fish retain $15k cost basis after buying the dip 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
Bitcoin funding rate has turned positive as liquidations soar over $230M Bitcoin funding rate has turned positive as liquidations soar over $230M James Van Straten · 1 year ago
Insights Bitcoin

Bitcoin funding rate has turned positive as liquidations soar over $230M

Liquidations galore as they extend to over $240M, as shorts head to $200M losses in 24 hours.

James Van Straten / @jvs_btc / Mar. 13, 2023 at 11:06 am UTC

Quick Take

  • The perpetual funding rate for Bitcoin flipped positive this morning, which has seen Bitcoin shorts rekt and take crypto liquidations in the past 24 hours to $240 million.
  • The majority of the liquidations are short liquidations at roughly $190m.
  • While the three largest Bitcoin cohorts have started accumulating over the weekend, I would suggest retail would follow sharply as smart money moves first.
Perpetual Funding Rate: (Source: Glassnode)
Perpetual Funding Rate: (Source: Glassnode)
Liquidations: (Source: Coinglass)
Liquidations: (Source: Coinglass)
Accumulation Trend Score by cohort: (Source: Glassnode)
Accumulation Trend Score by cohort: (Source: Glassnode)
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.

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Grayscale witnessing a double halving as Bitcoin holdings fall to 310k

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