2024-3-26 17:52 |
Quick Take
Bitcoin has started the week strong with a push above $69,000—up more than 3% today and marking its highest value since March 16. The move triggered a flood of liquidations in the digital asset ecosystem. These liquidations stem partly from the digital assets strong rally, peaking at an impressive $69,400.
BTCUSD Bitstamp: (Source: TradingView)Coinglass data shows that, in the past 24 hours, the ecosystem has seen nearly $200 million in liquidations, with shorts accounting for a predominant portion of the total, around $129 million. The last hour alone witnessed a massive $35 million worth of liquidations, primarily comprising of shorts.
Liquidation Heatmap: (Source: Coinglass)Data from Coinglass indicates a substantial amount of leverage, approximately $1.18 billion, parked just above the $73,000 mark.
Binance BTC/USDT Liquidation Heatmap: (Source: Coinglass)The post Bitcoin’s price rally above $69,000 leads to widespread market liquidations appeared first on CryptoSlate.
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