Amr Taha
Major Binance Withdrawals and LTH Realized Cap Break $37B
In recent market activity, Bitcoin experienced significant long liquidation squeeze events on Binance, which were triggered immediately after BTC's price dropped below the $101K level. The $160M Long Liquidation Event on Binance: * The recent long squeeze event on Binance resulted in over $160 million in liquidations, primarily affecting leveraged long positions. The liquidation cluster was concentrated around the $101,000 price level, as seen in the BTCUSDT chart. * Such liquidation events often lead to short-term volatility but can also create buying opportunities for long-term investors. Bitcoin Withdrawals from Binance: * Following the liquidation event, Binance recorded outflows exceeding 4,000 BTC, signaling a shift in investor behavior. * The last major deposit spike occurred on May 22, followed by sustained withdrawals. Long-Term Holders (LTH) Activity During Bitcoin's Liquidation Events: * While short-term traders faced brutal liquidations, long-term holders (LTH) were showing a very different behavior. * According to the STH/LTH Net Position Realized Cap chart, the LTH realized cap has now surged past $37 billion — a level not seen since june 2023. Conclusion: What’s Next for Bitcoin? 1- The recent market activity highlights three critical dynamics: 2- Leverage Reset – The long squeeze at $101K flushed out weak hands. 3- Supply Shock – Exchange outflows signal accumulation by strong holders. Although retail investors may be unsettled by noticeable liquidations or price fluctuations, on-chain indicators provide a more detailed and balanced perspective. If these moves continue, they could lay the groundwork for a more sustainable bullish structure—once the weak hands are cleared and long-term holders have reloaded.