No products in the cart.
- Latest
- Trending
ADVERTISEMENT
Bitcoin’s price surged to a high above $23,000 on Saturday morning, rising to $23,342 on Binance as the price of the world’s largest cryptocurrency at market cap hit levels last seen in mid-August 2022. bottom.
BTC is trading around $22,900 at the time of writing and is up around 9% over the past 24 hours after losing some of its gains.
However, Bitcoin’s price is still up 35% in the last 30 days, according to crypto trader and analyst Rekt Capital. It pointed out Earlier this morning, BTC was up more than 47% after dropping to a low of $15,500 amid the FTX crash.
Bitcoin price chart showing BTC rising to $23,000 on January 21, 2023. source: TradingView
On-chain data platform Santiment pointed out that Bitcoin’s price rose amid a bullish outlook by large BTC investors just before breaking above $23,000 today.as an office highlight In the chart below, whale addresses between 1,000 and 10,000 BTC have accumulated over 64,638 bitcoins worth over $1.46 billion over the past two weeks.
#bitcoin It crossed $22.7 thousand for the first time since August 18, 2022. The price increase occurred as a large whale stratum group of addresses holding between 1,000 and 10,000. $BTC Accumulated a total of 64,638 ($1.46 billion) $BTC Last 15 days. https://t.co/H6jCsZDgUR pic.twitter.com/RaN2I48ybg
Santiment (@santimentfeed) January 20, 2023
When Bitcoin hit a high near $23,350, lCalculated data It shows that about 80,497 traders were liquidated in the last 24 hours.
According to Coinglass, the largest short-term liquidation was on Bitmex, with $4.53 million worth of orders processed. At 6:10 a.m. ET on January 21, he had $376.61 million in total liquidations.
In particular, total liquidation is not at the level seen when BTC/USD topped $20,000 last week to clear all post-FTX losses. It indicates that we believe that there is a possibility that
As things stand, however, the bulls could target $25,000 or above if sentiment across risk markets fuels bullish buying pressure.
