Bitcoin liquidations in last 24 hours top $160M

The third most vital lengthy Bitcoin (BTC) liquidation of 2023 occurred on Jan. 30, as over $160 million value of BTC have been liquidated within the final 24 hours, in keeping with CoinGlass information.

On the time of writing, data exhibits {that a} complete of $160.69 million value of BTC received liquidated within the final 24 hours. This quantity consists of the 15 million lengthy BTC liquidation recorded at present, which marks the third-largest lengthy BTC liquidation of 2023, in keeping with CryptoQuant.

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

The primary and second largest lengthy BTC liquidations of the 12 months have 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 complete liquidations breached $200 million in 24 hours.

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

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