Bitcoin liquidations in final 24 hours prime $160M

The third most vital 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 accordance with CoinGlass knowledge.

On the time of writing, knowledge exhibits {that a} whole of $160.69 million price of BTC bought 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 accordance with CryptoQuant.

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

An analogous motion in BTC liquidations was additionally recorded on Jan. 25, when the worth 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.