Roughly $90M liquidated in 2hrs as Bitcoin sinks below $30K Quick Take
- Roughly $90 million of liquidations occurred in the past two hours on the news that the spot ETFs that have been filed are inadequate, according to Wall Street Journal.
- Coinglass reported $87 million of liquidations in the past hour, while $100 million in the past four hours as Bitcoin broke below $30,000.
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.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.