Bitcoin Pullback Triggers $641 Million in Liquidations; Analysts See Correction That Could Lead to $135K if ETF Inflows Resume

Bitcoin correction triggered roughly $641 million in liquidations across crypto derivatives markets; analysts call the movement a healthy pullback and say renewed ETF inflows and improved market sentiment could drive Bitcoin toward $132,000–$135,000 over coming weeks. Liquidations: ≈$641M wiped across derivatives, with long positions hit hardest. Short-term drivers: profit-taking after a two-week rally, stronger U. S.

dollar, and gold’s rebound. Outlook: analysts forecast a stabilizing correction and a potential rise to $132K–$135K if ETF inflows ￰0￱ correction wipes roughly $641M in liquidations; analysts see a healthy pullback and a path to $135K if ETF inflows resume — read ￰1￱ caused the Bitcoin correction and $641M in liquidations? Bitcoin correction was driven by short-term profit-taking after a rapid 10% rally, rotation of macro capital into gold, and a firmer U. S.

dollar. Market-wide liquidations totaled roughly $641 million, with long positions accounting for the majority of forced closes across major ￰2￱ large were the liquidations by asset and position type? Derivatives monitoring shows approximately $635 million in total closed positions during the session, with long liquidations near $489 ￰3￱ experienced larger single-asset long pain (~$142 million), while Bitcoin long liquidations were about $114 million, per market-data ￰4￱ Amount (approx.) Total closed positions $635M Total liquidations reported $641M Long liquidations (total) $489M Ethereum long liquidations $142M Bitcoin long liquidations $114M Why do analysts call this a “healthy correction”?

Market analysts, including Ryan Lee (chief analyst, Bitget), describe the move as a short-term correction that can relieve overheated ￰5￱ highlighted profit-taking after a 10% rally and macro rotation into gold as reasons for short-term ￰6￱ projects another 3%–4% downside may occur before ￰7￱ sentiment and ETF inflows regain momentum, Lee sees a plausible move to the $132K–$135K ￰8￱ could Bitcoin resume a sustained rally toward $135K? Resumption of sustained ETF inflows and a return to risk-on macro conditions are the key prerequisites cited by market participants. Prediction-market sentiment shows continued optimism, while structural drivers—such as fiscal deficits and demand for non-sovereign assets—remain supportive for the long term. , "description": "Bitcoin correction wipes roughly $641M in liquidations; analysts call it a healthy pullback and outline conditions for a move to $135K if ETF inflows resume.", , Frequently Asked Questions Did Bitcoin’s drop wipe out most long positions?

Short-term data shows long positions bore the majority of liquidations, totaling around $489M. Ethereum longs were hit harder in absolute terms than Bitcoin longs during this ￰9￱ should investors interpret the correction? Interpret corrections by combining on-chain liquidation data, exchange open interest, macro indicators (like the ￰10￱ index), and ETF flow ￰11￱ multi-factor approach offers a clearer signal than price action ￰12￱ Takeaways Magnitude: Roughly $641M in liquidations occurred, with about $489M coming from long positions. Drivers: Profit-taking, a stronger U.

S. dollar, and rotation into gold contributed to the pullback. Outlook: Analysts view this as a healthy correction; a return to $132K–$135K is possible if ETF inflows and sentiment ￰13￱ Bitcoin’s correction wiped significant leverage from the market but did not, by most analyst accounts, negate the structural bullish ￰14￱ commentary and market-data aggregators indicate this is a consolidation phase that could precede renewed upside if ETF flows and macro conditions turn ￰15￱ ETF flows, open interest, and dollar strength for the next directional clues; COINOTAG will continue to track developments and publish updates.