Bitcoin approaches $30k amid $140M of liquidations in 24 hours
April 26, 2023

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

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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.
BTCUSD: (Source: Trading View)
BTCUSD: (Source: Trading View)

 

The post Bitcoin approaches $30k amid $140M of liquidations in 24 hours appeared first on CryptoSlate.



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