Over $320M in liquidations in the past 24 hours, as Bitcoin loses $20k support

Roughly 80% of liquidations were long, while Bitcoin liquidations accounted for $120 million in the past 24 hours

James Van Straten
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James Van Straten
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
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Quick Take

  • Due to the fallout of SIlvergate Capital and possible further contagion in the bank and financial sector.
  • As a result, Bitcoin went below $20k and saw over $320 million of liquidations in crypto, while Bitcoin saw $120 million of liquidations.
  • Futures' long liquidation dominance shows the market was extremely long which shows the number of investors that were caught offside.
Liquidations: (Source: Coinglass)
Liquidations: (Source: Coinglass)
Futures Long Liquidation DOminance: (Source: Glassnode)
Futures Long Liquidation DOminance: (Source: Glassnode)
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James Van Straten
James Van Straten
Former Lead Analyst 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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Bitcoin BTC (24h)
$79,599.01 -1.79%
Market Cap $1.59T
24H Volume $33.81B