Bitcoin Price Risks Dip Below $110K Amid $235M Long Liquidations
Bitcoin price fell 11% from its all-time high to around $111,300 on Monday amid massive leveraged liquidations. Over $642 million in long positions were wiped out, with $235.5 million in Bitcoin longs alone. The break below the $111,900 support level has traders eyeing further downside targets at $108,000 and even $95,000 if key zones fail. Analysts warn that a drop under the $111.8K range could trigger renewed sell-offs toward $107K–$108K. Conversely, some experts remain optimistic: Gert van Lagen’s parabolic model still targets $350,000, while Michael van de Poppe views the dip as a buying opportunity. Short term, Bitcoin needs to hold above $111,900 or face deeper correction; long term, strong bid orders near $108,000 and the intact parabolic structure support a bullish outlook. Traders should monitor support levels and liquidation metrics to time entries effectively.
Bearish
The recent mass liquidation of over $642 million leveraged positions has intensified selling pressure on Bitcoin, mirroring previous corrections triggered by large-scale long squeezes. Historically, similar events in mid-2023 led to a 15% pullback as liquidations eroded market confidence. The breach of the $111.9K support level could prompt a revisit of the $100K zone, reinforcing short-term bearish sentiment. However, sustained bid orders around $108K and the underlying parabolic uptrend suggest that long-term holders may step in, preserving the broader bullish trajectory. Traders should expect heightened volatility: a potential near-term dip followed by a stabilisation phase as liquidity is absorbed.