#binance #hype #zec #near
04/11/25 02:59 UTC-04

Investors Liquidate $191M in Bitcoin Long Positions Within an Hour

After BTC dropped to $105,000, investors liquidated $191 million in long positions in less than an hour. The total 24-hour liquidation volume once again exceeded $1 billion, marking the highest level since October 11.

Shortly after the initial drop, Bitcoin rebounded to $106,464 as most long positions were already closed. BTC hasn’t faced prolonged capitulation events recently, although it has frequently fluctuated within a narrow multi-thousand-dollar range.

The leading cryptocurrency declined after multiple tests of the $107,000 level last week. Analysts warn that if the price fails to hold above this range, it could fall below $100,000.

Recently, BTC’s price dropped below its 200-day moving average after several days of fearful trading. Volatility remains at a six-month high of 1.89%, while the Bitcoin Fear and Greed Index sits at 42, signaling a fearful market sentiment.

Following the latest round of liquidations, BTC leverage decreased, while open interest across exchanges returned to $33 billion. On Hyperliquid, open interest in Bitcoin positions rose slightly to $3.4 billion, making the platform the main venue for long BTC positions over the past week.

See also: "Market Experts: Bitcoin Price Correction Nears Its Logical End"

#Bitcoin (BTC) #Selling

Editor: Yulia Krasnaya
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