Bitcoin approaches $30k amid $140M of liquidations in 24 hours

Quick Take

• Bitcoin (BTC) touches $30,000 and is up over 5% today.
• Liquidations were heavy to the short side — to over $120 million in the past 24 hours.
• The perpetual funding rate on Bitcoin went negative this morning.
• While futures open interest has risen over 8% in the past 24 hours, and then collapsed on the run-up to $30,000.

The post Bitcoin approaches $30k amid $140M of liquidations in 24 hours appeared first on CryptoSlate.