- Dormant wallets and whale transfers add volatility as Bitcoin traders brace for liquidation risks near the $115K mark.
- $1.58B in shorts faces liquidation if Bitcoin pushes beyond $115K, amplifying market instability and potential price swings.
- Whale moves, ADA flows, and USDC burn show mixed signals, creating uncertainty as leverage pressure builds around $115K.
Bitcoin’s market is heating up as dormant wallets and whale transactions raise investor concerns. A 12-year-old wallet shifted 400.08 BTC worth $44.29 million into several new addresses.
Additionally, Whale Alert reported several major transfers within the past five hours. These included Bitcoin, Wrapped Ethereum, Cardano, and USD Coin. Such movements often signal large holder repositioning or possible selling pressure.
Moreover, 500 BTC worth $56 million was transferred to Binance by an unidentified wallet, suggesting either exchange-based or liquidation-based activity. In parallel, $116.3 million worth of 1,040 Bitcoin moved between two unidentified wallets.
This marked the largest transaction in this set. Meanwhile, 5,317 WETH valued at $21.8 million left Aave for private custody. Cardano also witnessed opposing flows: 67.9 million ADA left Coinbase while 70.1 million ADA entered Coinbase.
Hence, the mixed signals suggest both accumulation and possible offloading. Additionally, the USDC Treasury burned 51 million tokens, trimming supply and potentially shifting stablecoin market dynamics.
Leverage Pressure Builds Around $115K
Analyst Kamran Asghar highlighted the increasing short liquidation risks tied to Bitcoin’s price. He warned: “$BTC bulls, get ready! Hitting $115K could wipe out $1.58B in shorts!” Current price stands at 110,768 USDT.
According to his Binance liquidation map, $1.58 billion in short leverage clusters above 115,058 USDT. Consequently, if Bitcoin rallies past this level, short sellers may face a cascade of liquidations.
Additionally, leverage positioning reveals strong activity. Orange bars show 50x leverage near 115,058 totaling $11.77 million. Blue bars mark 25x positions worth $937,740. Gray bars represent 10x positions spread across the range.
Prominent liquidation clusters also emerged at 111,332 and 114,144, showing significant forced closures. Hence, the growing leverage concentration highlights vulnerability to sharp moves.
Whale transfers and clustered leverage create the perfect setup for rapid Bitcoin price swings. Traders must stay cautious.
