After BTC’s price fell to $105,000, investors liquidated $191 million worth of long positions in less than an hour. The total amount of liquidations in the last 24 hours has once again exceeded $1 billion, the highest amount since October 11.
Shortly after the initial fall Bitcoin jumped to $106,464 as most long positions were closed. BTC hasn’t seen prolonged capitulations in a while, although it often moved several thousand dollars within a narrow range.
Leading kriptovalyuta fell after testing the $107,000 level several times last week. If the price fails to hold above that range, it could fall below $100,000, analysts believe.
BTC recently fell below its 200-day moving average after several days of fear-driven trading. Volatility remains at a six-month high of 1,89%, and index of fear and greed Bitcoin is at 42 points, indicating trading in fear conditions.
BTC leverage has decreased following the latest round of liquidations, and open interest across all exchanges has returned to $33 billion. On Hyperliquid, open interest for Bitcoin positions has increased slightly to $3,4 billion. This platform has become the primary venue for long BTC positions over the past week.