BTC Futures Contracts Short Liquidation Reaches New 1 Month High

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BTC_Futures_Contracts_Short_Liquidations_just_reached_a_1_month
  • Glassnode announced that Bitcoin’s future contract short liquidations reached a 1-month high.
  • The crypto market leader’s price is up more than 10% over the last week.
  • Glassnodes made a few other announcements on Twitter about BTC.

The on-chain market intelligence firm, Glassnode, took to Twitter on September 12 to announce that Bitcoin’s (BTC) Futures Contracts Short Liquidations had reached a 1-month high. According to the post, the number now stands at $13,094,043.09.

The previous high of BTC’s Futures Contracts Short Liquidations was recorded on September 9 of 2022 at $12,495,487.65.

BTC Futures Contracts Short Liquidations on Okex (Source: Glassnode)

According to the market tracking website, CoinMarketCap, BTC is currently trading at $21,763.07 after a 0.90% increase in price over the last day and after reaching a high of $22,206.37 and a low of $21,406.94 over the same time period.

The crypto market leader’s price is also still up more than 10% over the last week considering its stellar performance over the weekend when it crossed the psychological $20,000 level as well as the next key resistance level at $21,000.

Bitcoin / TetherUS 1D (Source: CoinMarketCap)

At the time of writing, the king of crypto’s 24-hour trading volume was up more than 16% to stand at $40,267,705,855. In terms of market cap, BTC stands at $416,883,433,822.

In some related news, Glassnodes made a few other announcements on Twitter about BTC. According to the posts, BTC’s number of addresses holding ten or more coins reached a 19-month high on September 12. The number now stands at 150,734. The previous high was recorded on September 9, which stood at 150,724.

BTC Number of Addresses Holding 10+ Coins (Source: Glassnode)

Additionally, Glassnode announced that the number of exchange withdrawals (7d MA) has reached a 1-month high and now stands at 2,139.137.

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