Insights

Over $210M of liquidations in the past 24 hours, takes Bitcoin above $24.5K

exchange68September 13, 2024

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Quick Take

The past 24 hours saw $211 million in total liquidations.
This resulted in $187 million of short liquidations — equating to roughly 87% of all liquidations.
This was the highest amount of short liquidations since Jan. 25.
Bitcoin specifically saw $88 million of liquidations in the past 24 hours.
As a result of the liquidations, Bitcoin soared to $24,700 — an 11% increase in the past 24 hours.

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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