- Bitcoin made a high on March 12, to $21,500, as futures markets prepared to open in the next few hours.
- Almost $100 million of liquidations occurred in the past 24 hours
- Markets have been net short Bitcoin in the past few days extensively.
- While accumulation for spot Bitcoin was also happening at the same time.
![Liquidations: (Source: Coinglass)](https://cryptoslate.com/wp-content/uploads/2023/03/liq1.jpg)
![BTC Price: (Source: ZeroHedge)](https://cryptoslate.com/wp-content/uploads/2023/03/ZR.jpg)
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