Insights

$200M of Bitcoin long liquidations as BTC drops to $22k

exchange68September 13, 2024

0 0 1 minute read

Quick Take

Over $200M of long liquidations were wiped out on March. 3, according to Coinglass.
Over 90% of the liquidations were long.
This was due to a build-up of Futures Open Interest which continued to increase as February was ongoing.
Last week, CryptoSlate monitored the excessive build-up of Futures OI that exceeded 500k, which as a result, gave us the liquidations we were waiting for.

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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