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Bitcoin back over $30,000 – spot driven rally, minimal amount of liquidations

Data via Glassnode

Bitcoin fights its way back to over $30,000 in a spot-driven rally — liquidations and open interest remain muted.

James Van Straten
Apr. 18, 2023 at 2:00 pm UTC
1 min read
Updated: Apr. 18, 2023 at 2:21 pm UTC

Quick Take

  • Bitcoin is back over $30,000 — 3% up on the day.
  • Shorts got liquidated by only $20 million in the past four hours.
  • While open interest stays relatively flat — denoting spot buying behavior.
OI: (Source: Glassnode)
OI: (Source: Glassnode)
Liquidations: (Source: CoinGlass)
Liquidations: (Source: CoinGlass)
BTCUSD: (Source: Trading View)
BTCUSD: (Source: Trading View)
Analyst View profile
James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

In this insight
Bitcoin BTC (24h)
$87,498.25 -0.23%
Vol: $45.46B MCap: $1.75T

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