In a dramatic market shake-up, Binance has recorded the largest single-hour liquidation of long futures positions since Bitcoin began reversing its trend in early April.
According to data from CryptoQuant, over $4 million in long positions were liquidated in just one hour.
This event marks a sharp moment of volatility, suggesting a rapid unwinding of leveraged bets as Bitcoin hovered around the $102,000 level.
Such liquidation spikes often occur when overly bullish traders are caught off-guard by abrupt price corrections.
Analysts note that large-scale liquidation events like this can often provide prime entry opportunities for new traders or investors seeking to buy at lower risk levels following rapid market resets.
As Bitcoin continues to move in an uptrend, events like these underscore the importance of managing leverage and anticipating swift market swings.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/binance-sees-4m-long-liquidation-in-one-hour-amid-bitcoin-trend-shift/