Bitcoin
Bitcoin (BTC)
$104,749.00 -1.47784
Bitcoin price
Ethereum
Ethereum (ETH)
$2,573.68 -2.98795
Ethereum price
BNB
BNB (BNB)
$665.76 -1.85492
BNB price
Solana
Solana (SOL)
$160.29 -4.90366
Solana price
XRP
XRP (XRP)
$2.20 -3.43002
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000131 -7.04775
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000128 -7.40461
Pepe price
Bonk
Bonk (BONK)
$0.0000172 -10.9861
Bonk price
dogwifhat
dogwifhat (WIF)
$0.961655 -10.34382
dogwifhat price
Popcat
Popcat (POPCAT)
$0.369105 -12.55621
Popcat price
Bitcoin
Bitcoin (BTC)
$104,749.00 -1.47784
Bitcoin price
Ethereum
Ethereum (ETH)
$2,573.68 -2.98795
Ethereum price
BNB
BNB (BNB)
$665.76 -1.85492
BNB price
Solana
Solana (SOL)
$160.29 -4.90366
Solana price
XRP
XRP (XRP)
$2.20 -3.43002
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000131 -7.04775
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000128 -7.40461
Pepe price
Bonk
Bonk (BONK)
$0.0000172 -10.9861
Bonk price
dogwifhat
dogwifhat (WIF)
$0.961655 -10.34382
dogwifhat price
Popcat
Popcat (POPCAT)
$0.369105 -12.55621
Popcat price
Bitcoin
Bitcoin (BTC)
$104,749.00 -1.47784
Bitcoin price
Ethereum
Ethereum (ETH)
$2,573.68 -2.98795
Ethereum price
BNB
BNB (BNB)
$665.76 -1.85492
BNB price
Solana
Solana (SOL)
$160.29 -4.90366
Solana price
XRP
XRP (XRP)
$2.20 -3.43002
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000131 -7.04775
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000128 -7.40461
Pepe price
Bonk
Bonk (BONK)
$0.0000172 -10.9861
Bonk price
dogwifhat
dogwifhat (WIF)
$0.961655 -10.34382
dogwifhat price
Popcat
Popcat (POPCAT)
$0.369105 -12.55621
Popcat price
Bitcoin
Bitcoin (BTC)
$104,749.00 -1.47784
Bitcoin price
Ethereum
Ethereum (ETH)
$2,573.68 -2.98795
Ethereum price
BNB
BNB (BNB)
$665.76 -1.85492
BNB price
Solana
Solana (SOL)
$160.29 -4.90366
Solana price
XRP
XRP (XRP)
$2.20 -3.43002
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000131 -7.04775
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000128 -7.40461
Pepe price
Bonk
Bonk (BONK)
$0.0000172 -10.9861
Bonk price
dogwifhat
dogwifhat (WIF)
$0.961655 -10.34382
dogwifhat price
Popcat
Popcat (POPCAT)
$0.369105 -12.55621
Popcat price

Bitcoin’s liquidation profile follows completely different pattern than 2021, analysts say

Dorian Batycka
Edited by
News
Bitcoin’s liquidation profile follows completely different pattern than 2021, analysts say

With lower leverage in the system, Bitcoin’s liquidation events no longer resemble the sharp swings of 2021.

Bitcoin (BTC) liquidations are unfolding completely differently from the last bull market, blockchain firm Matrixport says, noting that despite daily liquidations hitting $600 million at times, prices have found a bottom with minimal follow-through.

https://twitter.com/Matrixport_EN/status/1892106849350189427/

In a Feb. 19 research note, analysts note that the current dynamic is a sharp contrast to 2020 and 2021, when high leverage in the market led to extreme volatility.

“Unlike the last bull market, where liquidations triggered extreme volatility, this time around, even with $600 million in Bitcoin and Ethereum liquidations on some days, prices are finding a bottom with minimal follow-through.”

Markus Thielen, independent analyst

Thielen suggests that leverage in the system is now “relatively low,” adding that traders have also become “more strategic” in setting stop losses. The approval of spot Bitcoin exchange-traded funds by the U.S. Securities and Exchange Commission may have also reinforced stronger market conviction, he added.

With Bitcoin no longer seen as a high-risk asset, the question is no longer if it could go to zero but how low it might drop. While past data shows that liquidation-driven sell-offs are limited, risks still remain.

Analysts point to the Inter-exchange Flow Pulse indicator, which tracks Bitcoin movement between spot and derivatives markets. Typically, more BTC flowing into derivatives signals bullish momentum. However, the indicator is currently flashing bearish, suggesting Bitcoin could face more resistance before a breakout.