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Bitcoin (BTC) experienced a price rebound, rising above $49,700 on the evening of Feb. 13, approaching its earlier daily peak.
At 9:50 pm UTC, Bitcoin was valued at $49,726. Although Bitcoin has decreased by 0.4% over the past 24 hours, this price indicates a 0.7% increase over the last hour and a 2.8% rise from its daily low.
The price of $49,726 signifies a partial recovery towards the $50,000 mark, a threshold it exceeded on Monday for the first time since December 2021. After reaching $50,240 for the last time at 10:00 a.m., BTC declined by 3.7% to $48,385 over the course of several hours.
Bitcoin accounts for 43% of hourly liquidations
Bitcoin contributed significantly to the crypto market‘s $6.48 million in liquidations over the past hour. BTC’s $2.81 million in liquidations represented approximately 43% of that total, while Ethereum’s $1.83 million made up another 28%.
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The overall figure is primarily composed of short liquidations. Short liquidations totaled $6.24 million, while long liquidations accounted for the remaining $227,000.
Liquidation data via Coinglass
Bitcoin ETF volume reached $1.93B
In addition, the Bitcoin ETF market recorded $1.93 billion in volume today. Spot Bitcoin ETFs (as opposed to Bitcoin futures ETFs) represented $1.56 billion of that volume. The largest volumes were reported by funds from Grayscale, BlackRock (iShares), and Fidelity.
Bitcoin ETF data via Coinglass
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