Bitcoin Fall: Long Positions Face Heavy Liquidations

Early in the week, selling pressure dragged BTC price down to $110,950. This move hit traders who had opened highly leveraged long positions, forcing them into losses.

According to data, a total of $840 million worth of positions were liquidated within 24 hours. Of this amount, $675.81 million came from longs, while $263.92 million were from short trades.

Reversal After Powell’s Speech

Last Friday, a dovish speech from Fed Chair Jerome Powell briefly lifted Bitcoin, sparking a rally. However, a major whale took advantage of the move to sell, causing the price to reverse sharply. As a result, Bitcoin has now fallen 11% from its August 14 all-time high of $124,500.

Key Levels to Watch

The latest liquidation heatmap shows strong buy orders clustered between $110,500 – $109,700, with additional interest stretching down to $108,000.

Analyst Jelle noted that Bitcoin needs to hold above its monthly open at $111,900 to avoid a deeper pullback. Failure to do so could push BTC back into its previous trading range, opening the door for another retest of the $100K level.

“Bitcoin is still wiping out leveraged traders at range lows, and the sharks don’t look satisfied yet,” Jelle warned, urging caution in the short term.

This content does not constitute investment advice. The cryptocurrency market carries significant risks, and you should always conduct your own research before making trading decisions.

You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don’ t forget to follow us on our Telegram, YouTube and Twitter channels for the latest news.

The post Bitcoin Pulls Back: Long Positions Wiped Out as $110K Comes Into Play appeared first on Coin Engineer.

$267 Million Vanished from the Crypto Market!

A total of $267 million in positions were liquidated, with $142 million coming from long positions. This indicates that a significant number of traders betting on a price increase were forced to close their positions at a loss.

The leading cryptocurrency Bitcoin dropped by 1.52% in the last 24 hours, trading around $118,159. Ethereum, on the other hand, saw a sharper decline of 2.21%, falling to $3,664. These drops, combined with the widespread use of leverage, triggered a cascade of forced liquidations across the board.

Profit-Taking Could Be the Main Reason

Analysts suggest that the primary reason for the decline may be profit-taking. After a prolonged uptrend in the market, many investors—especially in the altcoin space—had already secured substantial gains. It’s common for corrections like this to emerge when traders begin to realize their profits.

For those holding short positions, such corrections can present short-term opportunities. However, as uncertainty rises, so does volatility, making both long and short trades increasingly risky.

What’s Next?

Corrections like these are not unusual in crypto markets. What’s notable here is that the majority of the liquidations came from long positions, suggesting that market sentiment was largely bullish—but may have shifted too quickly.

Experts emphasize that pullbacks of this kind are often part of a healthy market structure, helping to cool down overheated prices. Whether the market recovers in the coming days will largely depend on the behavior of large investors and institutional players.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post $267 Million Liquidated from the Crypto Market in the Last 24 Hours! appeared first on Coin Engineer.

Index Holds Firm Amid Crisis

On Sunday, the index posted a score of 60, maintaining its position in the greed zone. This came after Bitcoin dropped 2.8% to $103,000, while Ethereum saw a sharper decline of over 10% during the same period.

Interestingly, the index had registered a much higher 71 just days earlier. Despite the price pullbacks, investor sentiment remains resilient — for now.

Traders Watch Key Support Levels

Crypto analyst Za commented that Bitcoin appears “unbothered” by the geopolitical situation. With $1.74 billion in long positions at stake if the $100,000 psychological level is broken, the coming days will be critical.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Meanwhile, spot Bitcoin ETF products saw $1.37 billion in inflows during the past week. In contrast, spot Ethereum ETF funds ended a 19-day inflow streak with $2.1 million in outflows.

Will History Repeat Itself?

In April 2024, following Iran’s direct missile strike on Israel, Bitcoin dropped 8.4%, and the index fell from “Greed” to “Fear” within weeks. If history is any guide, we could see a similar pattern emerge if geopolitical uncertainty persists.

The market’s current resilience may be tested further. Investors are watching closely to see whether confidence can hold — or if fear will take over again.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Markets Stay Greedy Despite Middle East Escalation appeared first on Coin Engineer.

Support Holds For Now

Tether dominance is currently holding steady at the 4.44% support level. As long as this support remains intact, there’s potential for a rise toward 5.16%. This would typically indicate a cooling period or correction phase for the broader market. Caution is advised, especially for traders entering long positions.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Break Below May Trigger Bullish Shift

On the flip side, if the 4.44% support is broken, dominance could fall to 4.10%. This would suggest increasing risk appetite and could signal the start of a rally in Bitcoin and altcoins. Monitoring this level could provide early clues about broader market sentiment.

The market stands at a turning point. Whether Tether dominance climbs or falls will likely influence the next major move. Traders and investors should keep a close eye on USDT.D for directional cues in this uncertain environment.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Tether Dominance At Crossroads: Correction Or Rally Ahead? appeared first on Coin Engineer.

Bybit’s Liquidity Management and Debt Repayment Strategy

Bybit’s recent purchase of $ETH highlights its efforts to manage liquidity and repay debts amid ongoing market volatility. The liquidation of significant long positions, worth 570.89 million USD, shows the exchange’s cautious approach as it navigates through market fluctuations. Bybit’s actions may be aimed at stabilizing its positions and ensuring more liquidity in the market.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

At the same time, Ethereum’s price movements have also captured attention. Bybit’s large ETH purchase could be seen as an attempt to inject liquidity into the market while influencing Ethereum’s price. This could have important consequences for Ethereum’s short-term price actions as well, with ETH‘s future movements becoming a focal point for traders and investors.

Critical Price Levels for Ethereum: 2000 $ and 2300 $

On the Ethereum front, a significant development has occurred as ETH faced a major drop. ETH fell from 2800 $ to 2300 $, causing concern among investors. If ETH closes below the order block level, the 2000 $ region might become the next target. This level could serve as a psychological support zone, signaling potential buying opportunities for some traders.

If ETH sees an upward move, the descending trendline might act as resistance, making it harder for the price to break through and return to higher levels. These technical signals are closely watched by market participants, as they could indicate the direction Ethereum is heading in the near future.

The drop in ETH‘s price could also have broader implications on the market. If ETH maintains these lower levels, it might directly influence liquidity in the market. Bybit’s decision to repay its debt in $ETH may drive additional demand for the cryptocurrency, potentially changing Ethereum’s price trajectory.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bybit Pays Off Debt with ETH While Ethereum Faces Critical Drop appeared first on Coin Engineer.

Key Resistance Levels to Watch

The first resistance level to watch is the previously tested downward FVG. This is a region where the price retraced before moving upward. If it is retested, there is an increased likelihood of encountering resistance at this level. This region should be closely observed by traders as the first critical level to act on.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

The second resistance is located at an untested upward FVG at higher levels. Since this level has not been tested before, the price could potentially move towards it and face significant resistance. Traders should closely monitor movements towards this zone.

Breaking $3050 Could Trigger a Rise to $3250!

If the price breaks above $3050, it could trigger a larger rally for Ethereum. Breaking this level could push the price towards $3250 and potentially higher. A breakout at these levels could lead to Ethereum testing new highs and attracting more investor interest.

Traders should pay close attention to Ethereum’s performance above these levels. For the rally to continue, it is crucial that the price remains above $2800. Any FVGs formed at this level could present significant opportunities for traders looking to take long positions.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Ethereum Technical Analysis: Rising Trend on the 4-Hour Chart! appeared first on Coin Engineer.