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- Almost $500 million in Bitcoin has been withdrawn from exchanges in the past 24 hours.
- However, Ethereum has only seen around $100 million withdrawn from exchanges in the past 24 hours.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](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///ywAAAAAAQABAAACAUwAOw==)
The post Nearly $400M in crypto liquidations over 24 hours pushes Bitcoin above $23k appeared first on CryptoSlate.
Source: https://cryptoslate.com/insights/nearly-400m-in-liquidations-over-24-hours-pushes-bitcoin-above-23k/