$BTC Long Liquidation Alert: $37.183M Wiped Out at $99,602.83.
The crypto market just witnessed a massive shake-up as Bitcoin long positions worth $37.183 million were liquidated at a crucial level of $99,602.83. This liquidation event raises serious questions about market sentiment, potential corrections, and the next move for BTC.
What Just Happened.
A liquidation of this scale suggests that leveraged traders were betting heavily on $BTC breaking past the psychological $100K barrier. However, a sudden price rejection led to the liquidation of over-leveraged longs, triggering a chain reaction of sell-offs.
Key Market Insights:
1. Psychological Resistance at $100K: Bitcoin attempted to breach the critical $100K milestone but faced heavy selling pressure.
2. Leverage Reset: With this liquidation event, a significant amount of leverage has been flushed out, possibly paving the way for a healthier price movement.
3. Possible Whales Manipulation: Large players might have deliberately pushed the price down to liquidate over-leveraged longs before accumulating at lower levels.
Next Moves: Bullish or Bearish.
Bullish Case: If Bitcoin stabilizes and reclaims $100K, it could trigger a fresh wave of FOMO, driving prices higher.
Bearish Case: If $BTC fails to recover quickly, we might see a deeper correction towards $95K–$92K, where stronger support lies.
Key Levels to Watch:
Immediate Resistance: $100K (must break and hold for continuation).
Support Zone: $95K–$92K (potential bounce area).
Critical Breakdown Level: Below $90K could signal a deeper pullback.
Final Thoughts:
This massive long liquidation event is a reminder that Bitcoin's journey to new all-time highs won't be smooth. Volatility is at its peak, and only those who manage risk wisely will thrive in this market. Whether Bitcoin rebounds or continues correcting, one thing is certain—the battle for $100K is far from over.