According to @glassnode, Bitcoin has recovered to $69K following a sharp downside repricing. Current market positioning remains defensive across spot trading, derivatives, and on-chain metrics. The recovery trajectory appears to hinge on renewed spot demand, highlighting the critical role of buyer activity in sustaining momentum.

According to @KobeissiLetter, crypto market losses have surpassed $300 billion and are on track for the biggest daily drop since the October 10 liquidation, source: @KobeissiLetter. The post adds that about $2 billion in levered positions were liquidated over 24 hours and Bitcoin (BTC) is near $62K, source: @KobeissiLetter.

According to @BullTheoryio, Bitcoin BTC fell below 70,000, wiping out nearly 120 billion in value over the past 24 hours, with about 900 million in long positions liquidated, and BTC now trades near its 2021 all time high. According to the same source, the scale of liquidations highlights elevated volatility conditions, prompting tighter risk controls for leveraged traders.

According to @GreeksLive, ETH broke through the $2,200 level without resistance, while large players have been steadily accumulating put options, including very low strike prices. According to @GreeksLive, this put-heavy positioning persisted today, with activity shifting toward March expiries concentrated around the 70,000–80,000 strike range. According to @GreeksLive, the flow indicates ongoing demand for downside protection despite spot strength, a key signal for traders monitoring options flow and hedging activity.

According to @glassnode, Hyperliquid positioning shows traders are net short about 240 BTC, with entry heatmaps indicating shorts added from higher levels and fresh shorts opening near 75,000 and current prices, while long interest remains notably thin. Source: @glassnode.

According to @BullTheoryio, Bitcoin dropped by about $1,700 right after the U.S. market open, with more than $55 million in long positions liquidated over the last two hours and roughly $50 billion erased from crypto market capitalization in the same move. According to @BullTheoryio, the selloff arrived despite positive developments tied to the U.S. government shutdown. According to @BullTheoryio, the reported long liquidations indicate a leverage flush and heightened intraday volatility into the U.S. session; based on this source data, traders may consider reducing leverage, tightening stops, and waiting for confirmation before reentry.

According to @milesdeutscher, more than $2.58B in crypto positions were liquidated in the last 24 hours. According to @milesdeutscher, this total exceeds the estimated liquidations during the FTX collapse at $1.75B and the Luna/UST collapse at $1.5B. According to @milesdeutscher, a 10/10 event saw $19B+ in liquidations and the market has been "broken" since. According to @milesdeutscher, these comparisons are provided to contextualize the severity of the move for traders.

According to @lookonchain, the trader known as BitcoinOG (1011short) was fully liquidated with total forced liquidations reaching $522M. According to @lookonchain, the account swung from over $142M profit to a $128.87M loss and now shows a zero balance. According to @lookonchain, the data source referenced is the Hyperdash trader page at legacy.hyperdash.com/trader/0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae.

According to @BullTheoryio, Bitcoin fell by about 5,000 over four hours to a nine-month low near 78k, with nearly 1 billion in long positions liquidated and roughly 160 billion erased from total crypto capitalization, characterizing the move as a free fall (source: @BullTheoryio).

According to @BullTheoryio, Bitcoin (BTC) dropped $2,200 in 45 minutes to a new yearly low around $80.8k, with approximately $381 million in long positions liquidated and over $70 billion in crypto value erased within an hour, with no apparent news catalyst and characterized as liquidation hunting on a low-liquidity weekend (source: @BullTheoryio).

According to @ai_9684xtpa, the trader dubbed the insider who shorted after the 10-11 flash crash manually closed 24,639.69 ETH long exposure rather than being liquidated, citing the on chain tracker they shared. According to @ai_9684xtpa, 3,989.36 ETH in limit sell orders remain around 2,580 USD, and the source states that any ETH rebound would trigger further long reduction. According to @ai_9684xtpa, they previously reported a 24,639.69 ETH liquidation and noted ETH briefly dipped to about 2,510 USD with the 24 hour decline widening to roughly eight percent, but they now characterize the latest activity as active deleveraging. According to @ai_9684xtpa, the trader still holds roughly 577 million USD in long positions with about 133 million USD in unrealized losses.

According to @ai_9684xtpa, a trader known as the post-flash-crash whale deposited 3,182 ETH to Binance around an ETH downswing, with on-chain evidence indicating ample wallet funds but no margin top-up, implying spot inflows while long positions were liquidated (source: @ai_9684xtpa). According to @ai_9684xtpa, the same entity was liquidated for 24,639.69 ETH in the last 20 minutes (about $62.88 million), coinciding with ETH briefly touching $2,510 and expanding the 24h drawdown (source: @ai_9684xtpa). According to @ai_9684xtpa, the trader’s cumulative realized loss exceeded $14.06 million since initiating longs on 2025-12-07, and they still hold roughly $577 million in long exposure with about $133 million in unrealized loss (source: @ai_9684xtpa). According to @ai_9684xtpa, the wallet reference and trader dashboard were provided via Arkham and Hyperbot links for verification (source: @ai_9684xtpa).

According to @ai_9684xtpa, the trader known as the '1011 flash-crash short insider' was liquidated for 24,639.69 ETH in about 20 minutes, coinciding with ETH briefly dropping to $2,510 and the 24-hour decline widening to 8%; source: @ai_9684xtpa on X; data: hyperbot.network. According to @ai_9684xtpa, this marked the first liquidation since opening long positions on 2025-12-07, pushing realized losses above $14.06 million; source: @ai_9684xtpa on X; data: hyperbot.network. According to @ai_9684xtpa, the trader still holds $577 million in long exposure with $133 million in unrealized losses and reportedly lost $53 million within two hours during the move; source: @ai_9684xtpa on X; data: hyperbot.network. According to @ai_9684xtpa, the forced unwinds coincided with the short-term price drop, suggesting near-term pressure on ETH during the episode; source: @ai_9684xtpa on X; data: hyperbot.network.

According to Onchain Lens, whale wallet 0x9ee was fully liquidated on leveraged Ethereum (ETH) and XRP longs, realizing 61.38 million in losses. According to Onchain Lens, the wipeout erased roughly 61 million in prior cumulative profits and left the wallet about 10.76 million in the red. According to Onchain Lens, an earlier update showed partial liquidations on ETH and XRP, a full liquidation on HYPE longs, and remaining 15x ETH and 10x XRP exposure before the final liquidation.

According to @EmberCN, an Ethereum (ETH) long position of roughly $600 million has a reported liquidation price at $2,290; after ETH fell to about $2.6K, the position is approximately $350 from liquidation with an unrealized loss near $120 million, indicating a large at-risk long exposure around that level in ETH derivatives.

According to @glassnode, Bitcoin (BTC) options positioning shows a sizable USD 1.25B short gamma pocket around 80K, and a clean break into this zone could increase the risk of revisiting lower levels in the 70s as dealer hedging may intensify downside momentum (source: @glassnode).

According to @glassnode, the crypto options put call volume ratio jumped from 0.6 to 1.4 following the selloff (source: @glassnode). According to @glassnode, there are no clear signs of call demand returning, indicating the market is not yet pricing a sustained rebound (source: @glassnode).

According to glassnode, over the last seven days options taker flow was led by put buying and closely followed by put selling, indicating downside hedging dominated the week, source: glassnode. Much of the flow was structured as spreads and concentrated in puts, with very limited interest in upside exposure, source: glassnode.

According to @OnchainLens, the whale wallet pension-usdt.eth has reopened a 3x short on ETH totaling 30,000 ETH, valued at roughly 81.8 million USD, with an entry at 2,746 USD and a liquidation price at 3,713.44 USD. According to @OnchainLens, this comes after the same wallet closed a prior 3x ETH short for a profit of 2.7 million USD. According to @OnchainLens, the disclosed entry and liquidation levels provide clear trading reference points for ETH short exposure by a large wallet.

According to The Kobeissi Letter, crypto markets extended losses as more than 780 million in levered long positions were liquidated within 30 minutes, while Bitcoin erased roughly 60 billion in market capitalization in under an hour. The Kobeissi Letter reports broad liquidations of leveraged longs, indicating intense deleveraging pressure on BTC during the downturn.