Bitcoin liquidations in last 24 hours top $160M

The third most significant long Bitcoin (BTC) liquidation of 2023 occurred on Jan. 30, as over $160 million worth of BTC were liquidated in the last 24 hours, according to CoinGlass data.

At the time of writing, data shows that a total of $160.69 million worth of BTC got liquidated in the last 24 hours. This amount includes the 15 million long BTC liquidation recorded today, which marks the third-largest long BTC liquidation of 2023, according to CryptoQuant.

The first and second largest long BTC liquidations of the year were recorded on Jan. 19 and Jan. 15, with over 20 million and 16 million, respectively.

A similar movement in BTC liquidations was also recorded on Jan. 25, when the price of BTC breached $23,000, and total liquidations breached $200 million in 24 hours.

BTC is being traded for around $22,740 at the time of writing.

Journalist at CryptoSlate

Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.