Insights

Bitcoin rises to over $21k, as shorts get squeezed out and returns to pre SVB price levels

exchange68September 13, 2024

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Bitcoin made a high on March 12, to $21,500, as futures markets prepared to open in the next few hours.
Almost $100 million of liquidations occurred in the past 24 hours
Markets have been net short Bitcoin in the past few days extensively.
While accumulation for spot Bitcoin was also happening at the same time.

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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