Bitcoin Liquidations Reach $81M Amid Range-Bound Trading and Possible Dip to $103.8K

• Bitcoin liquidations reached $81.43 million, split evenly between long and short positions.

• Ethereum saw $71.94 million in liquidations, with long positions accounting for the majority at $43.45 million.

• ZCash experienced $31.24 million in liquidations, primarily from bullish bets totaling $26.66 million, highlighting altcoin vulnerability.

Crypto liquidations spike amid Bitcoin’s range-bound trading—discover key causes, market impacts, and trading tips for navigating volatility in 2025.

What Caused the Recent Surge in Crypto Liquidations?

Crypto liquidations increased sharply due to a sudden reversal in Bitcoin’s price momentum after a brief uptrend. On November 11, Bitcoin pulled back to the $104.7k level, erasing gains from the prior day and forcing the closure of overleveraged positions across major exchanges. This event underscores the risks of trading in volatile conditions, where even minor corrections can amplify losses for speculators.

How Did Bitcoin’s Price Action Influence Overall Market Liquidations?

Bitcoin’s movement from $101.6k to a peak of $106.6k on November 9 set off a wave of optimism, drawing traders into long positions. However, as the cryptocurrency settled into a narrow range between $104.7k and $107.1k, buying volume tapered off, and moving averages signaled a stall in bullish trends. Data from CoinGlass indicates this shift led to $379.9 million in total liquidations, with Bitcoin alone contributing $81.43 million—nearly half long positions at $41.75 million. Ethereum followed closely with $71.94 million erased, predominantly from longs worth $43.45 million, reflecting how BTC’s dominance ripples through the ecosystem. Altcoins like ZCash faced even heavier hits, with $31.24 million in liquidations, 85% from bullish wagers, as per exchange reports. This pattern highlights the interconnected nature of crypto markets, where Bitcoin’s indecision prompts widespread margin calls.

Frequently Asked Questions

What Factors Led to the $379.9 Million in Crypto Liquidations Over the Past 24 Hours?

The primary trigger was Bitcoin’s failure to sustain its rally beyond $107k, causing a dip to $104.7k that liquidated $81.43 million in BTC positions. Ethereum’s similar downturn added $71.94 million, while altcoins like ZCash contributed significantly through overextended long trades, based on real-time data from major trading platforms.

Will Crypto Markets Remain Volatile After This Liquidation Wave?

Yes, with Bitcoin trading in a tight range, expect continued short-term fluctuations as liquidity pools attract price swings. Traders should watch for breaks above $107.1k or below $104.7k, which could signal the next directional move, according to on-chain analytics from sources like CoinGlass.

Key Takeaways

• Bitcoin’s Range-Bound Trading: The cryptocurrency oscillated between $104.7k and $107.1k, trapping early breakout traders and leading to balanced liquidations across long and short sides.
• Ethereum and Altcoin Exposure: ETH’s long-heavy liquidations at $43.45 million illustrate the risks for leveraged altcoin positions, with ZCash hit hardest among smaller caps.
• Prepare for Dips and Rallies: Monitor liquidity zones like $103.8k below and $107.5k above to avoid premature bets, emphasizing cautious positioning in uncertain markets.

Why did the crypto liquidations increase in the past 48 hours?

Source: BTC/USDT on TradingView

On the 9th of November, Bitcoin surged from $101.6K to $106.6K by early the next morning.

The 1-hour chart revealed a spike in buying volume, while moving averages confirmed a shift toward bullish momentum.

Despite positive news on the 10th of November and strong S&P 500 futures suggesting further upside, BTC failed to extend its rally. Instead, the 1-hour chart revealed a range-bound pattern that has persisted for the past 36 hours.

This range reached from $104.7k to $107.1k. Until this short-term range is breached, traders can monitor the range extremes and be wary of betting on a breakout prematurely.

Source: CoinGlass

Since Bitcoin tends to lead the crypto market and also tends to attract the most amount of capital, charting its price moves could help BTC and altcoin traders prepare for the next move.

The 3-day liquidation heatmap above showed that there was a juicy pocket of liquidity underneath current prices. The $103.8k-$104.4k was a magnetic zone, and a stronger zone at $100.7k-$102.4k was also seen.

Given the range formation, it is likely we see a BTC dip to $103.8k followed by a move toward the overhead liquidity cluster at $107.5k.

Traders should beware of trying to catch a breakout and trying to time the next trend early.

Conclusion

The recent spike in crypto liquidations, totaling nearly $380 million with Bitcoin and Ethereum at the forefront, stems from a stalled rally and ensuing price range that caught many off-guard. As markets digest this volatility, focusing on established support levels around $104k and resistance near $107k remains crucial for informed trading decisions. Looking ahead, seasoned analysts from platforms like CoinGlass advise maintaining disciplined risk management to capitalize on potential breakouts in this dynamic landscape.