Bitcoin (BTC) Long Liquidations Hit Highest Levels Since FTX Collapse, Analyst Warns

Did Bitcoin Bottom at $80K? Whale Activity Suggests More Pain Possible

Bitcoin (BTC) slipped to around $79,500 in mid-November after an 11-day slide from roughly $106,000, according to data from CryptoQuant, but a sharp bounce toward $88,000 has traders debating whether the market has just printed a local bottom. The rebound comes even as large holders continue to offload their BTC, and futures markets show signs of heavy stress that have not been seen since the FTX collapse in 2022. Futures Flush, Cohort Rotation,…

Bitcoin (BTC) Long Liquidations Hit Highest Levels Since FTX Collapse, Analyst Warns

Over $2 billion in long positions were liquidated recently, the highest daily total since the FTX collapse. The surge in liquidations is largely driven by short-term holders exiting positions, indicating waning marginal demand. The price of Bitcoin (BTC) has sunk toward the low $88,000s, hitting multi-month lows and signaling stress in the market. Bitcoin (BTC) is experiencing one of its most intense shake-outs in almost three years, with long l…