20k BTC re-enters exchanges following largest Bitcoin long liquidation event this year

Quick Take

  • In the past two weeks, exchanges have seen roughly 20,000 Bitcoin (BTC) put back onto exchanges.
  • Bitcoin hit a local top of $30,000, and has descended below $28,000, which has seen a lot of sell pressure on top of the biggest long liquidation event of this year.
  • Currently, 2,313,385 million BTC sits on exchanges. However, this is up considerably in the past fourteen days, from 2,295,764.
Exchange Balance: (Source: Glassnode)
Exchange Balance: (Source: Glassnode)

The post 20k BTC re-enters exchanges following largest Bitcoin long liquidation event this year appeared first on CryptoSlate.

editorial staff

Pump.fun faces backlash over harmful content on livestream feature

WhiteBIT Exchange Celebrates 6 Years of Innovation and Partnerships in the Crypto Industry

WhiteBIT Exchange Celebrates 6 Years of Innovation and Partnerships in the Crypto Industry

Smart Money Picks: Top Altcoins That Could Double This Week

Smart Money Picks: Top Altcoins That Could Double This Week

Who cares about $100K? 5 Things to know in Bitcoin this week

Mr Beast Finally Responds To Crypto Allegations, Oompaville Probes More

Mr Beast Finally Responds To Crypto Allegations, Oompaville Probes More

Cardano’s Charles Hoskinson vows legal action over Wyoming stablecoin snub