Insights

Bitcoin back over $30,000 – spot driven rally, minimal amount of liquidations

exchange68September 13, 2024

0 1 1 minute read

Quick Take

Bitcoin is back over $30,000 — 3% up on the day.
Shorts got liquidated by only $20 million in the past four hours.
While open interest stays relatively flat — denoting spot buying behavior.

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.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.