TL;DR
Bitcoin drops 6% as over 130,000 traders face $550M in liquidations amid short squeeze pressure.
Short-term holder behavior is steady at 47% share with no net flow in the last 30 days.
All eyes on Trump-Zelenskyy meeting, Fed minutes, and Powell’s Jackson Hole speech as BTC struggles below ATH.
Bitcoin Pulls Back After Tapping All-Time High
Bitcoin (BTC) was trading at $115,300, down 2% in the last 24 hours and 6% over the past week. Four days ago, it reached a new all-time high of over $124,300. Since then, the asset has retreated, with the current 7-day range sitting between $115,355 and $123,780.
Notably, this price action comes as liquidations spike. In the last 24 hours, over 131,000 traders were liquidated, totaling over $550 million. The largest single loss was a $7.80 million BTC position on Bitmex. More than $6 billion in short interest remains open, which could unwind quickly if Bitcoin moves back near the $124K level.
According to data shared by CryptoQuant analyst
We współpracy z: https://cryptopotato.com/bitcoin-price-drops-6-from-ath-is-it-time-to-panic/
