Bitcoin News Today: Bitcoin's $2.79B taker selling surge triggers $731M in 24-hour liquidations amid price correction

Bitcoin’s net weekly taker selling surged to $2.79 billion in the latest week, marking one of the most extreme bearish events in the current bull cycle since 2022 [1]. The figure, tracked by on-chain analytics platforms, reflects heightened liquidation activity as traders closed long positions amid a price correction. Bitcoin dipped below $116,000 to a low of $115,356, triggering over $731 million in liquidations within 24 hours, with 213,729 traders exiting positions. Ethereum also saw a 1.33% decline to $3,598, incurring $104.76 million in liquidations [1]. Despite the selloff, Bitcoin’s price rebounded to $117,000, showing resilience as market participants navigated volatile conditions.

The net taker volume metric, which measures the imbalance between buy and sell market orders, turned sharply negative, with sellers dominating the bid-ask spread. This week’s $2.79 billion outflow is the 12th instance in the current bull cycle to record similar or higher bearish volume, accounting for 7.3% of total weekly sessions during this period [1]. Historical patterns indicate that such extreme negative taker flows have occasionally preceded price rebounds or further declines, underscoring the unpredictability of short-term market dynamics. The current episode aligns with previous volatility events, though its ultimate impact remains uncertain.

Market observers are now scrutinizing whether spot demand—via limit orders or ETF inflows—can offset the aggressive bearish activity. While Bitcoin’s price has stabilized above $117,000, the net taker data highlights a persistent asymmetry in market behavior, where sell-side urgency often surpasses bullish buying, even during upward trends. Analysts note that the $2.79 billion figure signals waning bullish momentum, particularly as traders reassess risk following Bitcoin’s all-time high of $123,100 in late July [1].

The Crypto Fear & Greed Index, currently at 70 (“greed”), suggests lingering retail optimism, but this contrasts with the institutional-level selling pressure observed. The divergence underscores the challenges of reconciling retail sentiment with broader market fundamentals. Analysts warn that further volatility could persist as bears capitalize on pullbacks, with profit-taking from earlier year-long gains potentially exacerbating short-term instability [1].

The week’s developments coincide with broader uncertainty, including institutional actions like Galaxy Digital’s high-profile Bitcoin transfer of 80,000 BTC. While such moves are often interpreted as bullish, the timing of the $2.79 billion taker selling indicates that market participants remain cautious about sustainability of Bitcoin’s recent rally. The data reinforces the fragility of the current bullish narrative, as even modest price dips can trigger cascading liquidations and erode confidence.

Source:

[1] [Bitcoin Resurges From $115K Amid Significant Liquidation](https://blockchainreporter.net/bitcoin-resurges-from-115k-amid-significant-liquidation-in-long-positions/)

[2] [Coval Price Prediction 2025-2031](https://coinstats.app/news/f3baa95d665c7ffdb65f3549317b412e2fa738157ef671196f68f36ac82494d7_Coval-price-prediction-20252031-Will-COVAL-recover)

[3] [Kiyosaki Mise Sur Le Bitcoin](https://coinstats.app/news/4b3d4f67fade49b2822d0f361cc3ac8de1b99df0a27327ddf8d19d54f05a0e28_Kiyosaki-mise-sur-le-Bitcoin-et-les-mtaux-prcieux-pour-survivre--la-crise-qui-se-profile)