Bitcoin liquidations in last 24 hours top $160M

The third most important lengthy Bitcoin (BTC) liquidation of 2023 occurred on Jan. 30, as over $160 million price of BTC had been liquidated within the final 24 hours, in response to CoinGlass information.

On the time of writing, data reveals {that a} whole of $160.69 million price of BTC acquired liquidated within the final 24 hours. This quantity contains the 15 million lengthy BTC liquidation recorded immediately, which marks the third-largest lengthy BTC liquidation of 2023, in response to CryptoQuant.

BTC Long Liquidations (Source: CryptoQuant)
BTC Lengthy Liquidations (Supply: CryptoQuant)

The primary and second largest lengthy BTC liquidations of the 12 months had been recorded on Jan. 19 and Jan. 15, with over 20 million and 16 million, respectively.

The same motion in BTC liquidations was additionally recorded on Jan. 25, when the value of BTC breached $23,000, and whole liquidations breached $200 million in 24 hours.

BTC is being traded for round $22,740 on the time of writing.

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