Bitcoin plunges to $105,000, triggering $191 million in long liquidations within an hour

After a day of barely holding the $107,000 level, BTC extended its ￰0￱ latest dip to the $105,000 range caused over $191M in long liquidations in just one ￰1￱ dipped to the $105,000 range, causing an immediate $191M in long liquidations in under an ￰2￱ leading coin slid after re-testing the $107,000 level several times in the past week. A failure to hold above this range may turn into a dip below $100,000. Short-term buyers are also feeling pressure as the most recent wallets are in the ￰3￱ liquidations for the past 24 hours were once again above $1B, the highest since October ￰4￱ liquidations picked up again, as the leading coin dipped to a lower price range. |).

BTC breaks down to a lower range BTC traded at $105,405, retaining a dominance of 58.5% as altcoins were hit ￰5￱ sank under $1,000, ETH traded in the $3,500 range, and SOL sank to $166. The current market weakness reflects the overall sentiment of a threatening bear market, especially if BTC dips under $100,000. Recently, BTC broke below its 200-day moving average after days of trading with a fearful ￰6￱ remains near a six-month high at 1.89%, while the BTC fear and greed index is at 42 points, indicating fearful ￰7￱ leverage decreased after the latest round of liquidations, with open interest on all exchanges again at $33B. BTC has barely rebuilt its liquidity since the October 10-11 liquidation ￰8￱ shows a return of prominent whales On Hyperliquid, BTC positions rose a bit to $3.4B in open ￰9￱ the past week, Hyperliquid became the main venue for longing ￰10￱ than 57% of whales are long on BTC, with more short ￰11￱ general exchanges, only around 30% of traders are shorting BTC due to the outsized risk of liquidations and a short ￰12￱ Hyperliquid, the rapid shift in BTC prices affected even one of the top whales with a 100% win rate, closing all positions with a loss of $17M.

The whale partially closed some positions, but sits on continued unrealized losses , with the eventual goal of ￰13￱ the same time, the whale that shorted the market just before the October 10-11 liquidation is back with long positions for BTC and ETH, betting on a market ￰14￱ on the liquidation heatmap, traders are also reluctant to open big short ￰15￱ also diminished on short positions, with the most accumulation around $108,000. Get seen where it ￰16￱ in Cryptopolitan Research and reach crypto’s sharpest investors and builders.