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Bitcoin surges to $97k as market leverage hits historic $63 billion Memecoin revival drives Solana DEX Raydium past Tether in fees Ethereum falls to 4-year low against Bitcoin as BTC breaks above $94k Bitcoin ETFs record over $1 billion inflow in 2 days as new price peak boosts investments Stablecoin market hits 2-year high of $183B amid Trump victory fueled optimism
Bitcoin surpasses $22k as 20k BTC pulled off exchanges Bitcoin surpasses $22k as 20k BTC pulled off exchanges James Van Straten · 2 years ago
Insights Bitcoin

Bitcoin surpasses $22k as 20k BTC pulled off exchanges

Bitcoin is on a tear as $100M in shorts are liquidated and 20k BTC are pulled off exchanges in the past 4 hours.

James Van Straten / @jvs_btc / Jan. 20, 2023 at 8:45 pm UTC

Quick Take:

  • Jan. 20 saw 20k BTC pulled from exchanges.
  • The majority of the coins have been pulled from Binance — roughly ~13k Bitcoin.
  • Over $100 million has been liquidated in the past 4 hours.
Bitcoin: Balance on Exchanges (Source: Glassnode)
Bitcoin: Balance on Exchanges (Source: Glassnode)
Bitcoin Price (TradingView)
Bitcoin Price (Source: TradingView)
Analyst

James Van Straten

Former 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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