Bitcoin Liquidation Sends Short-Term Traders Packing, LTHs See Opportunity

Recent price drops in Bitcoin triggered a wave of liquidations, wiping out over $97 million in leveraged positions near the $110.9K level. Binance witnessed a second wave, with another $88 million in long positions being erased as BTC breached $109,000. This marked one of the largest long-liquidation clusters seen recently, highlighting short-term traders’ aggressive risk-taking and its consequences.