Comparatively, according to Coinglass data, if BTC breaks through $81,148, the cumulative liquidation intensity of mainstream CEX empty orders will reach US$1,661 billion. Conversely, if BTC falls below $73,534, the cumulative liquidation intensity of mainstream CEX's multiple orders will reach $1,236 billion.
Comparatively, according to Coinglass data, if Bitcoin exceeds $80,000, the cumulative liquidation intensity of mainstream CEX empty orders will reach 1,393 billion. Conversely, if Bitcoin falls below $75,000, the cumulative liquidation intensity of mainstream CEX orders will reach 1,142 billion. Note: The liquidation chart does not show the exact number of contracts to be liquidated, or the exact value of the contracts to be liquidated. What the columns on the liquidation chart show is actually the importance, or intensity, of each liquidation cluster that is relatively close to the liquidation cluster. Therefore, the liquidation chart shows the extent to which the target price will be affected when it reaches a certain position. A higher clearing bar indicates that once the price arrives, there will be a stronger reaction due to a wave of liquidity.
Comparatively, after the US Treasury expanded the scale of long-term US bond repurchases, the yield on 30-year US bonds fell from a 19-year high of 5.34% to about 5.19%, while Bitcoin rose by about 25% within a few days, breaking through $79,000 at one point. Approximately $4 billion of short cryptocurrency positions were liquidated during this period, further amplifying the gains. The US Treasury Department previously announced that it would increase the scale of the longest term treasury bond repurchase operation from a single $2 billion to $4 billion. Analysts pointed out that this operation is not equivalent to the Federal Reserve's quantitative easing (QE). The main effect is to improve the liquidity of old securities and optimize the debt structure, but the market sees it as a signal of policy support for long-term US bond yields. Analysts believe that the key to Bitcoin's surge is not the buyback itself, but rather that the market's previous short positions were too concentrated. After the long-term decline in US bond yields, bears were forced to close their positions, creating a strong shorting market. Meanwhile, the net inflow of US spot Bitcoin ETFs was around $6.5 billion this week, and Trump once again urged Congress to move forward with the CLARITY Act to further strengthen market risk appetite. CoinEx chief analyst Jeff Ko said that the key right now is whether Bitcoin can hold the 200-day EMA of around $69,000 and turn it from resistance to support. Market participants also warned that if the 10-year US Treasury yield rises above 4.7% and the 30-year yield approaches 5.3%, Bitcoin's current breakthrough may face a new test. Bitcoin has now broken through the 200-day EMA and continues to rise. In the next phase, the market will focus on whether it can maintain its gains in a high-yield environment.
According to TradingBeats (formerly Hyperinsight) monitoring, a giant whale recently deposited about 4 million USDC into Hyperliquid and opened a HYPE long position. The address used 4x leverage to open 134,930 HYPE multiple orders, with a position value of approximately $10.7 million, an opening price of $81.64, and a liquidation price of $64.47. The current loss is $31.5 million. The giant whale address is: 0xa9d1c0fe2aa58038bac208ad390f69e7ce0c29a2
Comparing news, Bitcoin has continued to rise recently. This round of rise was driven by multiple factors such as the return of institutional capital, improvements in the macro environment, warming US regulatory expectations, and large-scale short liquidations. In terms of capital inflows, US spot Bitcoin ETFs have recently re-attracted institutional capital. On August 19 and 20, US spot BTC ETFs recorded net inflows of approximately $517 million and $606 million, respectively, according to the data. The ETF bought around 7,500 BTC in a single day, the highest level since April, according to CoinShares research director Julio Moreno. The market believes that the US Treasury's expansion of the long-term treasury bond repurchase program weakens the performance of the US dollar, pushes currency depreciation transactions to heat up, and further flows of capital to Bitcoin and gold. Meanwhile, the Trump administration's push for legislation on the structure of the crypto market has also lessened investors' concerns about regulatory uncertainty. Furthermore, the US Congress is advancing the construction of crypto regulatory frameworks such as the Clarity Act to clarify the responsibilities of the US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in digital asset regulation. Analysts believe that Bitcoin currently has a high level of regulatory certainty, and the relevant legislation's direct impact on BTC is limited, but it can help reduce the regulatory risk premium for the entire crypto market. The rise in the market also triggered large-scale short positions to be closed. The data shows that over the past two to three days, the crypto market has liquidated more than $40 billion, of which around $2.7 billion was liquidated in a single day, then another $1.2 billion was liquidated. Analysts say that this round of shortfall has become one of the biggest shortfall recovery events in the crypto market recently. Market participants believe that if institutional capital continues to flow in and the regulatory environment is further improved, Bitcoin's upward trend in the medium term may continue.
Comparatively, according to information released by Cointelegraph, over $5 billion of leveraged cryptocurrency positions have been liquidated in the past 72 hours.
Comparing news, on-chain data analyst Murphy wrote that this round of BTC's rise was “a bit different”: the scale of futures liquidation reached a record, but unclosed positions (OI) declined at the same time. The price increase was mainly driven by short stop-loss or liquidated purchases to close positions. It was a liquidated stock position rather than a net exposure to newly opened leveraged positions. If it is driven only by liquidation, the price often falls back after being inserted; after this increase, the price stagnates, indicating that other spot funds have taken over. Murphy pointed out that if contract bulls lead, OI usually rises and rates rise, but this round of OI has almost completely declined, and no new leverage has entered the market on a large scale. The exchange's spot relative volume (SRV) reached 2.94 from August 19 to 20, which is about 3 times the average for nearly 30 days. Similar volumes in the past two years have mostly occurred during a downturn or a bull market. This is different from the situation where leverage was dominated by the rebound to about 96,000 US dollars in January and the rebound to about 82,000 US dollars in May. He stressed that spot demand is only the first potential sign since entering a bear market. Combined with price challenges to the short-term holder cost line (STH-RP) and the sellers' exhaustion index entering an extreme zone, it is not enough to determine a trend reversal.
According to Lookonchain monitoring, Big Brother Ma Ji (@machibigbrother, 0x020... 5872) was liquidated nearly 500 times, turning $152,000 into $12.72 million in 3 days, making a profit of over $12.5 million. According to Lookonchain, Machi doesn't seem to need to sell Bored Apes anymore to maintain multiple orders.
According to Lookonchain monitoring, loracle.hl (@loraclexyz) related wallets (0x6315c7... 074a, 0x8def9f... 2dae) have lost more than $70 million on HYPE over the past 3 months. If HYPE reaches $101.15, its current 685,700 HYPE short positions worth $54.88 million will be liquidated.
Comparatively, according to Coinglass data, if ETH falls below $2,303, the cumulative liquidation intensity of mainstream CEX's multiple orders will reach $1,372 billion. Conversely, if ETH surpasses $2,544, the cumulative liquidation intensity of mainstream CEX empty orders will reach $674 million.