Bitcoin Liquidates $196 Million in Long Positions as Price Tests Critical $107K Support

Bitcoin just handed overleveraged bulls a brutal reality check—wiping out $196 million in long positions in a single violent move.

The $107K Safety Net

Traders watched in disbelief as BTC sliced through key support levels, testing the crucial $107,000 threshold that many thought would hold. Instead, it became a liquidation zone—triggering margin calls and forced selling across major exchanges.

Leverage Meets Liquidity

Futures markets got absolutely crushed. Overconfident longs learned the hard way that crypto doesn't care about your conviction—only your collateral. The cascade of liquidations amplified the downward pressure, creating a textbook deleveraging event.

Market Psychology Shift

This isn't just a technical correction—it's a psychological reset. That 'can't lose' mentality? Gone. Replaced by the cold realization that even in a bull market, risk management isn't optional. Traders are now reassessing their positions, leverage ratios, and maybe even their life choices.

Institutional players barely blinked—another reminder that while retail chases 100x leverage, smart money builds positions slowly. Because in crypto, the only thing more volatile than the price action is the average trader's account balance.

Across the last day, liquidations skewed toward long positions. CoinGlass recorded $196.08 million in long liquidations against $78.55 million in shorts, with 108,569 accounts closed out. The largest single order occurred on Binance’s ETHUSDT pair at $3.17 million. That profile aligns with spot action over the weekend, when price faded from rallies and forced over-extended longs to exit.

The intraday picture turned in the morning pop. In the most recent four hours, $56.46 million was liquidated, and 83.45% came from shorts, indicating the 2% spike flushed late sellers before the price cooled. The one-hour tally printed $3.33 million, consistent with a contained pace of forced unwinds versus the heavier 12-hour window at $225.61 million, according to CoinGlass.

By exchange over 24 hours, Binance accounted for $105.86 million in liquidations, 72.03% from longs, followed by Bybit at $70.84 million, 78.89% from longs, and OKX at $42.61 million, 62.08% from longs. The distribution shifted in the latest four-hour window as the short side dominated, led by Binance at $19.40 million, 75.09% shorts, OKX at $13.20 million, 88.84% shorts, and Bybit at $10.50 million, 84.64% shorts.

Asset-level flows tracked the same rotation. The 24-hour liquidation heat map showed $69.03 million tied to ethereum positions and $48.84 million in bitcoin positions, with the Binance ETHUSDT wipeout the day’s largest single print. Concentration in the top two assets framed a relatively orderly backdrop for the broader market, even as intraday swings forced opportunistic positioning to reset.

Spot levels reflected that two-sided trade. Bitcoin changed hands around $109,874 at press time, up 0.95% on the day and 1.47% on the week, with a market value near $2.19 trillion and a circulating supply of about 19.91 million. Ethereum traded near $4,480, up 0.21% on the day and 2.48% on the week, with a market value near $541 billion and circulating supply around 120.7 million.

Monday’s pop capped two weeks of gradual retracement and kept attention on whether spot can continue to hold the $107,000 area that has defined the lower end of the current range.