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Bitcoin (
$74,283.00 ) briefly surpassed $21,000 on Jan. 13 for the first time since the FTX saga started in early November. After a slight retracement early on Saturday morning, BTC is priced at $20,800 as of press time.
$255m of spot Bitcoin ( $74,283.00 ) was bought on Jan.13, while the liquidation of $240 million Bitcoin ( $74,283.00 ) shorts liquidated sent Bitcoin ( $74,283.00 ) to a high of $21,300.
Across the broader crypto market, there were a total of $721 million in liquidations over the past 24 hours, according to Coinglass data. In addition, a total of 132,021 traders were liquidated, with the most significant liquidation being a $6.84 million short bet against Bitcoin ( $74,283.00 ) .
Bitcoin ( $74,283.00 ) Total Liquidations / Source: Coinglass
Interestingly, while there have been plenty of BTC purchases over the past day, the volume of Bitcoin ( $74,283.00 ) leaving exchanges hit an early year-to-date high. Most exchange-purchased Bitcoin ( $74,283.00 ) was withdrawn almost immediately as $255 million of Bitcoin ( $74,283.00 ) moved into self-custody.
Bitcoin ( $74,283.00 ) : Net Transfer Volume / Source: Glassnode
Most withdrawals were made in large installments of $1 million and above. Further, the biggest group was those withdrawing over $10 million of BTC, suggesting institutional action.
Bitcoin ( $74,283.00 ) continued to leave exchanges overnight on Jan. 13 as the total value of Bitcoin ( $74,283.00 ) held on exchanges dropped to just 2.24 million BTC.
Bitcoin ( $74,283.00 ) Balance on Exchanges / Source: Glassnode
At the time of press, Bitcoin ( $74,283.00 ) is ranked #1 by market cap and the BTC price is up 10.47% over the past 24 hours. BTC has a market capitalization of $402.53 billion with a 24-hour trading volume of $45.41 billion. Learn more ›
BTCUSD Chart by TradingView
Bitcoin ( $74,283.00 ) On-Chain AnalysisMarket summary
At the time of press, the global cryptocurrency market is valued at at $980.04 billion with a 24-hour volume of $90.55 billion. Bitcoin ( $74,283.00 ) dominance is currently at 41.07%. Learn more ›
