Insights

Bitcoin approaches $30k amid $140M of liquidations in 24 hours

exchange68September 13, 2024

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Quick Take

Bitcoin (BTC) touches $30,000 and is up over 5% today.
Liquidations were heavy to the short side — to over $120 million in the past 24 hours.
The perpetual funding rate on Bitcoin went negative this morning.
While futures open interest has risen over 8% in the past 24 hours, and then collapsed on the run-up to $30,000.

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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