Insights

BTC and ETH liquidations drop considerably in February

exchange681 week ago

0 0 1 minute read

Quick Take

So far, 2023 has been positive for the crypto industry, as Bitcoin and Ethereum are up year to date, 43%, and 37%, respectively.
Liquidations were rather muted in 2022 compared to 2021. However, notable events such as FTX and Luna collapse drove liquidations up meaningfully but nothing compared to 2021.
So far, in 2023, roughly 62,000 Bitcoin have been liquidated, while the majority of Bitcoin was liquidated in January (66%).
While Ethereum has seen roughly 987,000 ETH liquidated year-to-date, 75% come from liquidations in January (742,000).
This would make sense, as January saw BTC rise 40% and only 1% in February, meaning it was a month of consolidation.

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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