In recent market activity, Bitcoin experienced two significant long liquidation events on Binance, triggered immediately after BTC’s price sharply fell below the psychological $111,000 level
The liquidation cascade began immediately after Bitcoin broke below the $111,000 support level, with the price declining rapidly to under $109,000. This represented a drop of approximately 1.8% within a short timeframe, sufficient to trigger margin calls for over-leveraged long positions.
💹 First Event: $110K long Liquidation Cluster
As shown in the liquidation delta chart, the first major liquidation spike near $110.9K wiped out over $97 million in long positions.
💹 Second Event: $109K Long Liquidation Cluster
Following the initial long squeeze at $110.9K, Bitcoin’s decline accelerated as price breached the $109K support level, triggering a second liquidation wave that wiped out over $88 million in long positions within hours.
🔍 Long-Term Holders (LTH) Activity During Bitcoin's Liquidation Events:
While short-term traders faced brutal liquidations, long-term holders (LTH) were showing a very different behavior. According to the STH/LTH Net Position Realized Cap chart, the LTH realized cap has now surged past $28 billion — a level not seen since April.
Conclusion: The LTH Advantage
While overleveraged short-term traders were flushed out as Bitcoin’s price dropped below $111,000 and $109,000, long-term holders (LTH) have been quietly capitalizing on the reset.
With the LTH realized cap now surpassing $28 billion, it’s clear that long-term investors are using this period of forced selling to increase their exposure and accumulate more Bitcoin for the long run.
This strategic accumulation during moments of market stress reflects the deep conviction of LTHs. Rather than being shaken out by short-term volatility, they see these liquidation-driven dips as prime opportunities to strengthen their positions — reinforcing the foundation for future price appreciation.
Written by Amr Taha
