Biggest Bitcoin (BTC USD) Long Liquidations Spotted On-Chain, What Next?

The crypto market is experiencing massive uncertainty, with Bitcoin (BTC USD) in the spotlight.

The leading crypto asset has seen one of its biggest long liquidations in history amid recent fluctuations.

While trade tension and inflation fear looms, some experts still believe the market may recover soon.

Investors are optimistic that the Bitcoin price may maintain its latest rebound, as President Trump paused the tariff hike for 90 days.

Cryptoquant on the Biggest Liquidation Event

According to CryptoQuant, April 6 saw the largest Bitcoin (BTC USD) long liquidation since the current bull run began.

Around 7,500 BTC in long positions were liquidated in one day. This means many traders who expected Bitcoin’s price to rise were forced to close their positions at a loss.

The sudden price drop came from rising uncertainty in the global market. U.S. President Donald Trump’s new economic plans, especially regarding tariffs, triggered the liquidations.

These new policies increased market volatility and made tension grow among traders.

Meanwhile, analysts recently revealed that Bitcoin (BTC USD) price follows a “Trinity Bottom chart pattern.”

This has led traders to wonder if this means the asset price will go up again or fall sharply.

Even though market sentiment still seems unsure, market data shows that capital is flowing back into crypto aggressively.

Bitcoin (BTC USD) selloff continues, ETF market outlook

At the close of trading on April 8, spot Bitcoin ETFs in the U.S. recorded their largest daily outflow since March 11.

The digital investment product lost $326.27 million. This selloff came as investors reacted to President Trump’s new tariffs before it was recently paused.

The biggest outflow came from BlackRock’s IBIT, which lost $252.9 million. Bitwise’s BITB also saw $21.7 million in outflows, while Ark 21Shares’ ARKB saw $19.9 million in withdrawals.

Other ETFs, including Grayscale’s GBTC, Franklin’s EZBC, and Invesco’s BTCO, also reported notable outflows.

This marked the fourth day Bitcoin ETFs posted net outflows, showing how weakened investor sentiment has become.

ETF trading volume dropped to $3 billion on the same day, compared to $6.6 billion on Monday.

Notably, this lower trading volume suggests that many traders are stepping back and waiting for more regulatory clarity.

The global market also felt the impact of the shift as the U.S. stock markets fell. The Dow declined by 0.84%, the S&P 500 dropped by 1.57%, and the Nasdaq slid by 2.15%.

Asian markets also had a mixed reaction. Japan’s Nikkei fell by nearly 4%, while China’s Shanghai Composite saw a 1.3% gain.

Bulls Returned Unexpectedly

Even though the market was down earlier, the tides have shifted considerably. This shift is not new, as Bitcoin (BTC USD) often surprises investors by staging a rebound when least expected.

At the time of writing, Bitcoin’s price changed hands for $82,710.39 after soaring by 8.33% in 24 hours.

This came after a brief drop to $74,589.67 earlier in the week. Many are watching closely to see if the price will reverse this bullish trend or retest new highs.

Some investors are still hopeful the latter is the case. They believe the current selloff is temporary and that Bitcoin (BTC USD) could sustain its rally once the market becomes more stable.

For now, the volatility in the market is very high, and caution is advocated by investors.

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