Crypto Bulls and Bears Lose $300M Each as Bitcoin Climbs to $113K, Then Dumps

Bitcoin experienced significant two-way price action over 24 hours, trading between $107,000 and $113,000, which resulted in the forced liquidation of roughly $600 million in leveraged futures positions across the market. Data showed about $355 million in long positions and $301 million in short positions were closed, with Bitcoin accounting for the majority of the damage. Experts noted that such flushes are common after large swings and indicate fragile market sentiment, though some analysts like Alexia Theodorou from Kraken suggest positioning is stabilizing toward neutral territory. Despite the volatility and a sharp pullback from highs, structural demand indicators like spot ETF inflows and long-term holder accumulation remain steady, as traders await the October 29 Fed meeting for potential rate cuts.

(Source：CoinDesk)