Nearly $400M in crypto liquidations over 24 hours pushes Bitcoin above $23k James Van Straten · 3 hours ago
Bitcoin’s strong price action continues as only 11.7% of all BTC now sits on exchanges.
Quick Take:
- The crypto market has recorded nearly $400 million in liquidations in the past 24 hours. BTC briefly surpassed $23k.
- Only 11.7% of all BTC supply now sits on exchanges, the lowest amount since December 2017.
- Almost $500 million in Bitcoin has been withdrawn from exchanges in the past 24 hours.
- However, Ethereum has only seen around $100 million withdrawn from exchanges in the past 24 hours.
![Bitcoin: Net Transfer Volume from/to Exchanges Breakdown by Size (USD] - All Exchanges](https://cryptoslate.com/wp-content/uploads/2023/01/glassnode-bitcoin-1.jpg)
Research Analyst at CryptoSlate
James is passionate about data, technology, and identifying trends. James is a freedom and technology maximalist, seeing Bitcoin as the greatest invention of the 21st century.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
