🚨LEVERAGE TRADERS SHORTING BTC? Despite heavy liquidity stacked between $117K–$120K, #Bitcoin isn’t rushing upward just yet. Will $BTC flush down to $111K first to wreck longs before a rip higher? 🔥 https://t.co/VvzFy1owUN
🚨 $810M LIQUIDATED IN THE PAST 24H. $734.5M FROM LONGS, $76.2M FROM SHORTS. https://t.co/OJmxEJBIZP
24 hour liquidations have surpassed $810M. 🔴 $734M longs 🟢 $76M shorts https://t.co/LDmg5dLD8k
More than $800 million in leveraged cryptocurrency positions were wiped out over the past 24 hours as sharp price swings forced exchanges to close traders’ contracts, according to figures compiled by analytics platform Coinglass. Total liquidations reached about $805 million, with roughly $734 million coming from long bets and $76 million from shorts. The single largest loss was a $13.79 million Ethereum position on Binance. Earlier, intraday data showed as much as $400 million erased within a four-hour window. The wave of forced unwindings coincided with Bitcoin consolidating near $115,000 and liquidity clusters building between the $117,000–$120,000 band. Analysts said further volatility is likely, with downside support seen around $111,000 if selling accelerates.
