BTC Trader Loses $2.6M as $237M Liquidations Rock Market

Key Insights:

• $237M liquidated in 24 hours, with longs taking $161M losses across major exchanges.
• Binance saw its biggest single liquidation, a $2.6M Bitcoin trade wiped out in one move.
• Bitcoin holds above $111K, with charts signaling possible rebound toward $134K if support remains strong.

The crypto market saw a sharp wave of liquidations over the past 24 hours, with losses totaling $237.28 million across major exchanges. Data shows that 90,573 traders were caught in the move, most of them on the long side of the market.

Longs Lead the Losses

Out of the total, $161.43 million came from long positions, compared to $75.85 million from shorts. The imbalance shows that bullish traders carried the heavier losses during the pullback. Ethereum (ETH) recorded the largest share at $82.92 million, followed by Bitcoin (BTC) with $32.31 million and Solana (SOL) at $24.42 million. Other tokens hit include PYTH ($16.1M), CRO ($6.7M), LINK ($5.27M), and XRP ($7.96M).

Bybit had the highest ratio of liquidated longs, with 72.7% of positions on that side. HTX also showed a strong tilt, with 73.7% of liquidations coming from long trades. Across all platforms, 68% of the losses came from bullish positions.

Binance Posts Largest Single Liquidation

Binance registered the biggest share of liquidations at $81.99 million. Bybit followed with $70.54 million, while OKX recorded $30.3 million. Gate, Hyperliquid, and HTX each posted between $10 million and $22 million.

The single largest liquidation order was seen on Binance, where a Bitcoin position worth $2.6 million was wiped out. This marked the biggest single-trader loss during the session.

Bitcoin Trades Near Key Support

Bitcoin remains close to an important support level after the sell-off. At the time of writing, BTC trades at $111,174 with a daily trading volume of $32.15 billion. The price has slipped 1.42% in the past day and 1.45% over the week. With 20 million BTC in circulation, its market value stands at $2.21 trillion.

Charts show $107,521 as a key level that separates bull market support from a possible bear trend. Indicators are mixed, with momentum and structure still bearish. However, a new buy signal has appeared, suggesting conditions may be shifting.

Whale.Guru commented that “THE PUMP IS COMING 🚀 $BTC will explode,” pointing to the chance of a sharp move higher. If support holds, projections suggest a potential rally toward the $134,000 region.