Bitcoin Crosses $24.7K, Sees Highest Liquidations in Two Months

Bitcoin Surge Causes Over $500M in Liquidations, Highest in 3 Months

As such, data suggests the price action was spot driven. As of Tuesday, open interest on futures remained below Mar. 9 levels, when bitcoin traded above $23,500, even as bitcoin retraced all losses – implying the price action was led by investors purchasing bitcoin instead of being futures driven.

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