Bitcoin Near $112K; $1.5–$1.8B Liquidated

A massive liquidation wave erased roughly $1.5–$1.8 billion of leveraged long bets this week, forcing an estimated 370,000–407,000 traders to lose positions and knocking Bitcoin into the $111,000–$113,000 area while Ether tumbled toward $4,000. Most of the pain fell on long retail positions as exchanges’ automatic liquidations and negative funding rates amplified selling and elevated near‑term volatility. On‑chain metrics point to a delicate support zone around $112,000 (short‑term holder cost basis near $111,400) and a key lifeline at $110,000, whose breach could shift the market into a more sustained bearish structure. At the same time, institutional flows painted a split market: regulated products and long‑term holders — including large inflows into BlackRock’s Bitcoin fund — continued to accumulate. The selloff unfolded amid the Fed rate cut, sticky inflation and rising Treasury yields, producing mixed macro tailwinds that left crypto diverging from rallying equities and prompting caution among traders.