Over $210M of liquidations in the past 24 hours, takes Bitcoin above $24.5K Quick Take
- The past 24 hours saw $211 million in total liquidations.
- This resulted in $187 million of short liquidations — equating to roughly 87% of all liquidations.
- This was the highest amount of short liquidations since Jan. 25.
- Bitcoin specifically saw $88 million of liquidations in the past 24 hours.
- As a result of the liquidations, Bitcoin soared to $24,700 — an 11% increase in the past 24 hours.
Analyst 
James Van Straten
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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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.