Insights

20k BTC re-enters exchanges following largest Bitcoin long liquidation event this year

exchange68September 13, 2024

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Quick Take

In the past two weeks, exchanges have seen roughly 20,000 Bitcoin (BTC) put back onto exchanges.
Bitcoin hit a local top of $30,000, and has descended below $28,000, which has seen a lot of sell pressure on top of the biggest long liquidation event of this year.
Currently, 2,313,385 million BTC sits on exchanges. However, this is up considerably in the past fourteen days, from 2,295,764.

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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