Bitcoin wipes $199 million with a long bet as a safety net with price tests of $107,000

Bitcoin rose 2% on Monday before easing, but Crypto’s liquidation totaled $274.63 million in 24 hours per Coinglass.

The move followed a weekend-bound trading, keeping the price close to the $107,000 support area. Bitcoin set an all-time high of nearly $123,000 on August 14th, drifting lower until late August.

Throughout the final day, liquidation was skewed towards longer positions. Coinglass recorded a long liquidation of $199.8 million against $785.5 million in shorts, with 108,569 accounts being closed. The largest single order came in at $3.17 million on Binance’s Ethusdt pair. That profile coincided with spot action over the weekend, with prices fading from the rally and the length of overexpansion being forced to end.

The daytime paintings have been transformed into morning pop. In the last four hours, $56.46 million has been settled, with 83.45% coming from shorts, indicating that 2% of spikes washed away late sellers before the price was cooled. According to Coinglas, the hourly tally printed $3.33 million.

With more than 24 hours of exchange, Binance accounted for a liquidation of $158.86 million, with 72.03% from Long, followed by $70.84 million, 78.89% from Long, OKX $42.61 million and 62.08% from Long. The distribution shifted to the latest four-hour window dominated by the short side, leading to $19.40 million, 75.09% shorts, OKX with a bibit, leading to $13.20 million, 88.84% shorts, $85 million, and 84.64% shorts.

Asset-level flow tracked the same rotation. The 24-hour liquidation heatmap showed $69.03 million and Bitcoin position tied to the Ethereum position at $48.84 million, with the biggest single print of the day showing Binance Etus dot wipeout. The concentration of the top two assets framed a relatively orderly background in the broader market, even if opportunistic positioning in the mid-day period forced a reset.

Spot levels reflect that two-sided trade. Bitcoin changed hands to around $109,874 at press, increasing by 0.95% and 1.47% in a day, with market value close to $2.19 trillion, and supply of around 19.91 million people circulating. Ethereum was nearly $4,480, up 0.21% per day and 2.48% per week, with a market value of nearly $541 billion and a supply of approximately 1200.7 million.

Monday’s Pop slowly retreated for two weeks and paid attention to whether it could continue to hold the $107,000 area that defined the bottom edge of the current range.

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