Bitcoin’s 13,520% Liquidation Imbalance on Easter Shocks Traders

Bitcoin faced a severe liquidation imbalance of 13,520% on Easter, with $9.62 million in long positions lost compared to $71,000 in shorts. Overall market liquidations reached $35.35 million, predominantly from longs. This volatility highlights market vulnerability, impacting over 119,000 traders amid sharp price movements.

On Easter, Bitcoin (BTC) experienced an unexpected market upheaval, marked by a staggering 13,520% ratio of long to short liquidations. Over four hours, approximately $9.62 million in long positions were liquidated against a mere $71,000 from shorts. This occurred as Bitcoin’s price plummeted to around $83,800 before slightly recovering to about $84,453.