Bitcoin liquidations top $3.37 billion in seven days amid geopolitical tensions

Bitcoin liquidations have surpassed $3.37 billion in the past seven days, driven by aggressive high-leverage bets from whales and traders amidst extreme market volatility. This surge in liquidations has been fueled by sharp price swings, with Bitcoin's price fluctuating between $96,000 and $107,000. The volatility has been exacerbated by geopolitical tensions, notably between Iran and Israel, which have triggered violent price movements and wiped out billions in leveraged positions.

One notable example is the whale with the address 0x7e8b, who suffered significant losses but quickly returned to the market with a 40x long BTC position. This move reflects the relentless risk appetite among traders despite the turbulent market conditions. The whale's aggressive trading strategy highlights the continued speculative appetite in the market, as well as the undeterred confidence of large players in the face of recent volatility.

According to data from Coinglass and HyperDash, the cumulative liquidation volumes have topped $3.37 billion over the past seven days. Short liquidations dominated early trading, with some reaching over $100 million in a single session. Long positions, however, suffered midway through the charted timeframe. This pattern of liquidations underscores the high-risk nature of leveraged trading in the current market environment.

Exchange-specific data reveals that Binance leads in total liquidation volume, with OKX and Bybit also contributing heavily. The one-day liquidation map shows a sharp V-shaped BTC price movement, with a steep decline followed by a solid rebound. However, reduced liquidation intensity toward the end of the session suggests stabilization, indicating that Bitcoin may be entering a brief consolidation phase. The current price range between $96,000 and $107,000 shows strong support and resistance boundaries, which could provide a basis for further price discovery.

Despite the stabilization, leverage-fueled volatility remains a core market theme. Market makers, traders, and whales alike face amplified risk during these high-stakes movements. Bitcoin’s price discovery process continues, but caution dominates sentiment amid cascading liquidations and leveraged trading extremes. The market's resilience in the face of such volatility highlights the ongoing speculative appetite and the potential for further price movements in the coming days.