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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Bitcoin’s Late Longs Liquidated: Is a Breakout Finally on the Horizon?

Samuel Edyme
Samuel Edyme
4 months ago
3 mins read
Bitcoin’s Late Longs Liquidated: Is a Breakout Finally on the Horizon?

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After dropping below $100,000 earlier this month, Bitcoin has faced sluggish price movement with little upward momentum. Over the past week, the asset has just ranged below this six-digit mark with its price now hovering above $96,000 as of today.

This sideways movement reflects a lack of significant momentum and has left many traders questioning what might spark the next major move.

Related Reading

Bitcoin Repeats Historic Pattern—Is a Breakout Toward $100K Next?

Bitcoin’s Bull Cycle: Analyst Says The Upside Isn’t Over Yet

4 months ago

Late Longs Liquidated: The Impact

Despite the lack of a breakthrough, Bitcoin’s price behavior continues to attract the attention of market analysts. One such expert is Amr Taha, a contributor to CryptoQuant’s QuickTake platform.

Taha’s recent analysis in a post titled: “Late Buyer’s Liquidation Events Happened 3 Times Under 98K,” sheds light on a notable pattern of liquidations among long positions. His insights offer a deeper understanding of how market dynamics can shift following these liquidation events.

Taha describes “late longs” as traders who enter the market after a substantial price increase, often motivated by fear of missing out (FOMO).

Bitcoin longs and shorts liquidation delta
Bitcoin longs and shorts liquidation delta. | Source: CryptoQuant

These positions tend to be highly leveraged, making them more vulnerable to even minor price corrections. According to Taha, late longs often emerge near local price peaks, and their presence can destabilize the market.

The analyst points out that when these positions are liquidated, it serves a dual purpose. Firstly, it reduces the market’s open interest, helping to flush out excess leverage and restore a more balanced trading environment.

Secondly, these liquidation events can present opportunities for experienced traders. By stepping in after forced selling, savvy market participants can potentially secure better entry points and position themselves for the next upward price movement.

Bitcoin Market Performance

Bitcoin has seen quite a bullish performance in the past day increasing by 1.3% in price to currently trade at $96,725, at the time of writing. However, on a broader scale, the asset still appears to be somewhat bearish with its weekly and monthly price performance in red.

Bitcoin (BTC) price chart on TradingView
BTC price is moving downwards on the 2-hour chart. Source: BTC/USDT on TradingView.com

Interestingly, despite the uptick in BTC’s price today, its daily trading volume as of today remains lower than that of last week. Last Friday, BTC’s daily trading volume stood above $50 billion however, as of today this metric has dropped to $24.7 billion.

Related Reading

Bitcoin’s Realized Cap Hits Record High—Is a Major Bull Run Brewing?

Bitcoin’s Realized Cap Hits Record High—Is a Major Bull Run Brewing?

5 months ago

Meanwhile, a crypto analyst known as Javon Marks has revealed that based on some bullish indicators emerging on BTC’s price chart, a “bullish result” is imminent.

Bull-Flag Breakout HOLDING 🏁!

Bullish Results looking imminent, on multiple metrics.$BTC pic.twitter.com/9IRnzX71P8

— JAVON⚡️MARKS (@JavonTM1) February 14, 2025

Featured image created with DALL-E, Chart from TradingView

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Samuel Edyme
Samuel Edyme

Samuel Edyme

Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Read more

Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think's probably unfeasible, I've done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

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Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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