- Over 214K traders were liquidated amid a $1.02B wipeout while a whale lost $201M on a single BTC long liquidation event.
- Despite aggressive whale selling and $9B in short risk, long-term holders accumulated 881K BTC, signaling bullish market conviction.
- Bitcoin liquidation spikes hit $15B across major exchanges as BTC trades near $104K with potential to trigger mass shorts at $111K.
Over the past 24 hours, the crypto market faced heightened volatility as over 214,000 traders were liquidated. According to Lookonchain, these liquidations totaled $1.02 billion. Among them, one whale suffered a massive $201.31 million loss on a Bitcoin long position. Besides this, prominent trader AguilaTrades closed his BTC long with $12.4 million in losses. He has since flipped short, signaling a drastic shift in sentiment.
Additionally, whale 12d1e4 deposited another 1,000 BTC ($106.06 million) to Binance, intensifying the selling pressure. Since April 3, 2024, this whale has sold 6,500 BTC worth $585 million. Despite that, the wallet still holds 3,500 BTC, valued at approximately $363.5 million. These moves contribute to short-term bearish signals, especially with such high-volume liquidations.
Mounting Liquidations as Price Targets Surge
Crypto analyst Mister Crypto Shows that $9 billion worth of short positions risk liquidation if Bitcoin hits $111,000. The current price is around $104,158. Liquidation data shows extreme trading activity, especially between $104,051 and $105,591. Exchanges like Binance, OKX, and Bybit show spikes in both long and short liquidations.
Source: Mister Crypto
Binance data shows strong activity using orange bars, OKX displays yellow spikes, and Bybit uses teal indicators. Short liquidations cumulatively reach $15 billion. Longs exhibit more erratic behavior, with sharp but inconsistent spikes. Hence, the market remains on edge. Any swift price movement could ignite another wave of massive liquidations.
Long-Term Holders Quietly Accumulating
Despite high volatility, long-term holders (LTHs) are quietly accumulating. Ki Young Ju revealed LTHs added 881,578 BTC in the past 30 days. This accumulation phase began in March 2025 as BTC crossed $70,000. The net 30-day position flipped positive again after months of heavy distribution between September 2024 and February 2025.
Source: Ki young Ju
Moreover, LTH behavior historically aligns with market turns. Distribution typically happens during bullish surges, while accumulation follows corrections. Currently, strong accumulation indicates confidence in further upside. BTC’s climb past $110,000 appears increasingly likely, supported by reduced selling and increased holding behavior.
The clash between short-term liquidation and long-term accumulation creates a unique market setup. While whales offload assets and leverage traders bleed, long-term conviction builds in the background.
