Bitcoin plays the balancingists around 96,000 dollars, as if it were retained by an invisible magnet. This level, like a tightrope walker, maintains for the moment the king of the crypto, but the winds of the market are blowing hard. Each oscillation, the whole crypto ecosystem is caught. Result ? A bloodbath for traders: $ 298 million was liquidated in one day. While some try to save their bet, others scrutinize the support of the $ 96,000, wondering if he will hold or yield under pressure.
Crypto traders: the liquidation massacre
The market did not make a neighborhood: more than 110,000 traders have seen their positions evaporate In 24 hours, reflecting the effects of a tense economic situation. On $ 298 million who left for smokethe long positions were the most affected with, $ 206 million liquidated, against 92 million for short positions.
Here is the Detail of losses By platforms:
- Binance: $ 104 million (38.67 % of liquidations);
- Bybit: 50.18 million;
- OKX: 49.59 million;
- Gate.io: 31.24 million.
And the worst? An unfortunate trade of $ 7.5 million was scratched from the card on Binance in an instant.
“” Bitcoin has already ridiculed many analysts … and we are still at an explosive announcement of an “God Candle “, Recalls Stack Hodler.
But for the time being, The crypto fear and greed indicator fell to 37sign that panic is gaining from the field.
Bitcoin: a fragile support under pressure from the ETF
If Bitcoin vacillates, it is not only because of liquidations. Another blow came from Etf Bitcoin, who recorded a massive withdrawal of $ 129 million February 18. These outings reduce demand and weigh heavy on the price.
Traders hesitate. Some open short positions, betting on a fall. Others cling to, betting on a rise.
Matrixport notes that, unlike the frenzy of 2020-2021, the use of leverage remains moderate.
“” The massive liquidations of today no longer cause yesterday's collapses », Analyze their report.
During this time, Altcoins follow the movement. Solana, Dogecoin and XRP are struggling, despite the hopes placed in future ETFs on these cryptos. If the BTC breaks its support, the storm may intensify for the whole market.
A cryptocurrency analyst warns: a fall at $ 85,000 is on the table. But after the storm, he plans a historic bullish rally. Patience, stacke your Satoshis and wait for the next wave!
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