Insights
Bitcoin rises to over $21k, as shorts get squeezed out and returns to pre SVB price levels Bitcoin rises to over $21k, as shorts get squeezed out and returns to pre SVB price levels

Bitcoin rises to over $21k, as shorts get squeezed out and returns to pre SVB price levels

Almost $100m of shorts liquidated in the past 24 hours

  • Bitcoin made a high on March 12, to $21,500, as futures markets prepared to open in the next few hours.
  • Almost $100 million of liquidations occurred in the past 24 hours
  • Markets have been net short Bitcoin in the past few days extensively.
  • While accumulation for spot Bitcoin was also happening at the same time.
Liquidations: (Source: Coinglass)
Liquidations: (Source: Coinglass)
BTC Price: (Source: ZeroHedge)
BTC Price: (Source: ZeroHedge)