{"id":75250,"date":"2025-06-22T13:30:16","date_gmt":"2025-06-22T13:30:16","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=75250"},"modified":"2025-06-22T13:30:16","modified_gmt":"2025-06-22T13:30:16","slug":"bears-will-be-washed-out-of-bitcoin-if-this-happens","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=75250","title":{"rendered":"Bears Will Be Washed Out Of Bitcoin If This Happens"},"content":{"rendered":"

Bitcoin\u2019s narrow price movement <\/a>over the past week contradicts a much different development in the futures market. According to Axel Adler Jr., an analyst at on-chain analytics platform CryptoQuant, a sharp rise in the long liquidation dominance metric could set the stage for a significant shift in sentiment that may completely wash out bears from the market. Adler shared the data in a recent post on X,<\/a> accompanied by a chart showing previous points that resemble the current setup.<\/p>\n

Long Liquidation Spike Without Price Crash<\/h2>\n

The dominance of long liquidations has jumped from 0% to +10% over the past seven days, a move that typically shows distress among bullish traders. However, what makes the current development especially noteworthy is the absence of a steep crash in Bitcoin\u2019s price. Instead, in the just concluded week, Bitcoin held mostly within the $103,000 to $106,000 range until a recent drop, despite facing increasing pressure from long-side liquidations.<\/p>\n

Axel Adler Jr. explained that this sustained liquidation of long positions without a full-blown price collapse indicates sustained buyer support. According to data from CryptoQuant, BTC\u2019s long liquidations hit 2,200 BTC, the highest in the past week. Usually, a surge in long liquidations suggests that traders who were anticipating a price rally are being pushed out of their positions under pressure.\u00a0<\/p>\n

The CryptoQuant chart below shows how spikes in long liquidation dominance, especially in the 15% to 20% range, have always preceded bullish reversals. According to the analyst, if this metric rises by another 5\u20137%, it could cause a high-probability scenario where bearish positions are washed out and flip Bitcoin\u2019s price movements in favor of the bulls.<\/a><\/p>\n

\u00a0Image From X: @AxelAdlerJr<\/a><\/p>\n

Large Wallets Accumulate As Retail Exits<\/h2>\n

Data from Santiment, another on-chain analytics platform, shows an interesting dynamic playing out among Bitcoin holders<\/a>. Over the past ten days, wallets holding over 10 BTC have increased by 231 addresses, which is a 0.15% rise. Meanwhile, smaller retail wallets containing between 0.001 and 10 BTC have dropped by 37,465 in the same timeframe. This trend highlights a divergence in sentiment between large and retail holders.<\/p>\n

According to Santiment,<\/a> the shift where whales and sharks accumulate while retail exits is a bullish combination for Bitcoin. Bitcoin\u2019s market value is hovering just below $104,000 during this accumulation phase, and there could be an eventual upward breakout once retail holders begin to reenter.<\/a><\/p>\n\n

Image From X: Santiment<\/a><\/p>\n

Despite the underlying on-chain strength,<\/a> Bitcoin\u2019s spot price has taken a short-term hit in the past 48 hours. During this timeframe, Bitcoin\u2019s price has slipped below support levels<\/a> between $106,000 and $103,000. At the time of writing, Bitcoin is trading at $102,670, down by 2.6% in the past 24 hours. <\/p>\n

The decline can be largely attributed to recent U.S. strikes on Iran. The U.S. military strikes on Iranian nuclear facilities (June 21-22) caused immediate risk aversion across markets. Bitcoin fell 3.2% after announcements of the strikes<\/a>, much like its 6% drop during similar 2020 Iran tensions.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s narrow price movement over the past week contradicts a much different development in the futures market. According to Axel Adler Jr., an analyst at on-chain analytics platform CryptoQuant, a sharp rise in the long liquidation dominance metric could set the stage for a significant shift in sentiment that may completely wash out bears from […]<\/p>\n","protected":false},"author":0,"featured_media":75251,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-75250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/75250"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75250"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/75250\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/75251"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}