Bitcoin Price Drop After $160M Binance Liquidation as Long-Term Holders Signal Accumulation and Potential Market Rebound
Bitcoin price don fall well well by about 9.3% inside 24 hours, come drop around 8% under wetin e reach before wey e high pass all time. Na one big $160 million long liquidation wey happen for Binance cause am. This sell-off make market hot well well and e reset leverage. Even with the wahala, on-chain data from CryptoQuant show say big big companies and people wey dey hold Bitcoin for long time dey buy am strong strong. Over 4,000 BTC don comot from Binance and over 20,000 BTC don comot from big exchanges like Kraken and Bitfinex. The money wey Long-Term Holder (LTH) Net Position Realized Cap get also jump pass $37 billion, na the highest e don reach since June 2023—historically, e mean say market go go up. Trading for Binance self don increase, their share for spot market go from 26% to 35%, wey show say small small traders and big big companies dey interested well well. All these signs of market getting stronger dey tell us say, even though traders suppose dey careful with too much leverage, people wey wan invest for long time fit see this period as good time to buy. Historically, when dis kain liquidation correction happen, na so so price go stable or market go start to dey rise again. We must continue to dey watch how money dey comot from exchanges, the realized cap, and any change for economy or government rules, because current trends fit set the foundation for Bitcoin market to recover for long run.
Bullish
The initial panic selling after the Binance liquidation caused sharp volatility and a reset in market leverage, typically a warning sign for over-leveraged traders. However, the strong and sustained accumulation of Bitcoin by institutional and long-term holders, as indicated by increased realized cap and large outflows from exchanges, signals improved foundational strength. Historically, such patterns of smart money accumulation during market corrections often precede periods of price stabilization and fresh bullish cycles. Increased trading activity also points to strong engagement from both retail and institutional participants. Consequently, despite short-term risks, the overall indications support a bullish outlook for Bitcoin’s medium to long-term price trajectory, provided accumulation and positive on-chain metrics persist.