triggering over $1.70 billion in liquidations across the crypto market. The majority of these liquidations (95.08%) were long positions, indicating a highly optimistic market sentiment.ยน
*Key Stats* ๐:
- *Liquidations*: $1.70 billion in 24 hours
- *Affected Traders*: Approximately 397,000
- *Highest Liquidation*: $12.74 million BTC-USDT-SWAP position on OKX
*Institutional Demand* ๐ข:
Despite the price drop, institutional and corporate demand for Bitcoin remains high. Notable purchases includeยฒ:
- *Metaplanet*: Added 5,419 BTC to its holdings, bringing its total to 25,555 BTC
- *Capital B*: Added 551 BTC to its treasury holdings, currently 2,800 BTC
- *Bitcoin Spot ETFs*: Saw $886.65 million in inflows last week, its fourth straight week of positive flows
*Price Prediction* ๐ฎ:
- *Bearish Target*: $107,245 if Bitcoin closes below the 50-day EMA at $113,926
- *Bullish Scenario*: Rebound toward $116,000 if Bitcoin finds support around the 50-day EMA
*Market Sentiment* ๐ก:
The Fear and Greed Index has dropped to 45, reflecting market caution and worry. #BitcoinSlump #CryptoMarket #Liquidations #InstitutionalDemand #MarketAnalysis
