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Over $210M of liquidations in the past 24 hours, takes Bitcoin above $24.5K Over $210M of liquidations in the past 24 hours, takes Bitcoin above $24.5K James Van Straten · 2 years ago
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Over $210M of liquidations in the past 24 hours, takes Bitcoin above $24.5K

Amongst the $210 million in liquidations, $187M of that came from short liquidations in the past 24 hours.

James Van Straten / @jvs_btc / Feb. 16, 2023 at 9:06 am UTC

Quick Take

  • The past 24 hours saw $211 million in total liquidations.
  • This resulted in $187 million of short liquidations โ€” 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 โ€” an 11% increase in the past 24 hours.
Total Liquidations: (source: Coinglass)
Total Liquidations: (source: Coinglass)
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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