Bitcoin Sees $102M in Liquidations as Bullish Sentiment Faces Reversal

Bitcoin experienced a major liquidation event, with over $102.35 million wiped out in just a few hours, according to Coinglass. The vast majority—$95.96 million—came from short positions, indicating a powerful bullish surge that left bears reeling. In contrast, only $6.38 million was liquidated from long positions, marking a striking 1,533% imbalance in favor of bulls.

This sharp liquidation skew suggested rising investor confidence in Bitcoin’s short-term price outlook, even amid broader market uncertainty. During the session, Bitcoin steadily climbed past $107,000, briefly approaching the $108,000 mark. However, the momentum was short-lived.

In the last hour of trading, sentiment flipped again. Out of $552,130 in liquidations, long positions accounted for $547,420, while short liquidations dropped to just $4,710. This reversal shows that bulls, who dominated earlier in the day, began losing ground as Bitcoin’s price retreated 0.58%—a subtle yet telling move that hints at growing trader caution.

Despite recent gains, the sudden dip and shifting liquidation data signal potential volatility heading into the weekend. While BTC remains relatively strong near key support levels, fading confidence and fast-changing market dynamics have traders preparing for further turbulence.

The intense liquidation imbalance earlier in the day showed bullish dominance, but the rapid reversal highlights the fragile nature of sentiment in the crypto market. Bitcoin holders and traders are now watching closely, as even small price swings could trigger significant liquidation waves. As BTC hovers near critical thresholds, its next move could define short-term market direction.