In February Shortly before the US market opened, Bitcoin hit its highest price of the year at $53,000, but quickly dropped back down to the range of $50,000-$52,000. According to reports from CryptoSlate, about $1 billion in market liquidations occurred around the $403,000 mark for Bitcoin. Surprisingly, as Bitcoin briefly reached this high value, approximately $70 million in liquidations were reported. While a few liquidations occurred as the price rose, most are still pending. The information is from Trading view and relates to BTCUSD on Bitstamp. According to Coinglass, the digital asset market experienced around $260 million in liquidations over the last day, with roughly $170 million coming from long positions and $90 million from short positions. Bitcoin suffered the most from these liquidations, totaling approximately $70 million. Binance experienced the highest amount of liquidations among exchanges, totaling around $117 million. (Source: Coinglass) Approximately $40 million of the $70 million liquidation from Bitcoin came from long positions.