- Analyst Ted warns $2B in long liquidations are between $106K–$108K, posing risks before further upward moves.
- Resistance near $120K capped Bitcoin gains, while strong liquidity support formed around the $106K–$108K range.
- 24H data shows $230.8M in liquidations, with longs at $224.9M and Bybit recording the highest exchange totals.
Bitcoin liquidity data shows concentrated risks around critical support, with analyst Ted warning of a potential $2 billion liquidation sweep. The asset trades near zones that have repeatedly influenced market direction since late June. Strong liquidity clusters continue to shape price action, while traders assess whether resistance will cap momentum or if buyers can maintain control.
$106,000–$108,000 Sweep Risk
According to analyst Ted, more than $2 billion in long liquidations sit between the $106,000 and $108,000 levels. He noted that a sweep of this range appears highly likely in the coming weeks before another significant upward move.
This zone has repeatedly acted as a decisive support, providing buyers with opportunities for recovery during recent pullbacks. However, order book data indicates that sustained rejection near $120,000 may limit upside strength.
Notably, resistance in that zone capped momentum through mid-September, forcing several retests of lower liquidity bands. Market depth visuals show the heaviest buy support between $106,000 and $108,000, alongside concentrated sell orders near $120,000.
Liquidity Distribution Shows Resistance and Support
Data highlights the presence of dense clusters from late June through September, reflecting where most orders accumulated. Yellow regions, indicating stronger liquidity, appear around $115,000–$120,000 on the upside and $106,000–$108,000 on the downside.
These areas represent significant market interest and continue to influence short-term direction. Recent activity shows Bitcoin rebounding from support, with buyers regaining strength despite repeated challenges near $120,000.
However, failure to overcome that resistance could prompt renewed tests of lower liquidity zones. The market currently balances between strong sell pressure overhead and deep buy orders underneath, creating a narrow trading range.
Liquidation Data Reveals Long Exposure
In the past 24 hours, $230.8 million in total contracts were liquidated. Long positions accounted for $224.9 million, compared with only $5.9 million in short liquidations. Breaking this down, perpetual contracts saw $229.5 million in liquidations, with $223.7 million coming from longs.
Futures contracts added another $1.3 million in long liquidations against just $20,700 in shorts. Exchange data shows Bybit recorded the highest liquidation volume, followed by Binance, OKX, and Huobi, while BitMEX and Bitfinex posted minimal values.
