Bitcoin continues showing remarkable resilience above $109,000 despite recent market turbulence, as long-term holders capitalize on a major liquidation event to accumulate more BTC. The leading cryptocurrency maintains its upward trajectory after briefly pulling back from its recent all-time high above $111,000.
At press time, BTC trades at $109,874, representing a 2.3% daily increase amid broader market optimism. This price action comes as long-term holders strategically bought the dip during a massive $185 million liquidation cascade.
Leveraged Positions Face $185M Wipeout
According to CryptoQuant analyst Amr Taha, Bitcoin’s recent price action triggered two significant liquidation waves on Binance. The first occurred near $110,900, eliminating $97 million in long positions, followed by another $88 million wipeout as prices breached $109,000.
Long-Term Holders Show Conviction
While overleveraged traders faced liquidations, on-chain data reveals long-term holders (LTHs) viewed the dip as a buying opportunity. The LTH realized cap has surged past $28 billion, reaching levels not seen since April 2025.
This accumulation pattern aligns with technical analysis suggesting Bitcoin could target $112,000 after forming a double bottom pattern on lower timeframes.
Market Outlook and Key Metrics
- LTH Realized Cap: $28.1 billion
- Total Liquidations: $185 million
- Current Support Level: $109,000
- Key Resistance: $111,900
Frequently Asked Questions
What caused the recent Bitcoin liquidations?
The liquidations were triggered by overleveraged long positions getting caught in a cascade of forced selling as Bitcoin briefly dipped below key support levels.
Why are long-term holders accumulating?
Long-term holders typically view price dips as opportunities to increase their positions, especially when technical indicators suggest continued upward momentum.
What’s the significance of the $28 billion LTH realized cap?
This metric indicates strong conviction among veteran investors and historically precedes sustained price appreciation periods.
As the market digests these recent developments, the combination of cleared leverage and steady accumulation by long-term holders could set the stage for Bitcoin’s next leg up. Traders should monitor the $111,900 resistance level for potential breakout confirmation.