![Post-halving volatility triggers significant Bitcoin futures liquidations](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2024/07/Liq.png&w=70&h=37&q=75)
Onchain Highlights
DEFINITION: The sum liquidated volume (USD Value) from long positions in futures contracts.
Over the past month, Bitcoin has experienced notable price fluctuations, with the price dropping from around $60,000 in mid-May to below $55,000 by early July. This period saw spikes in futures long liquidations, suggesting significant volatility in the market.
![Bitcoin: Futures Long Liquidations: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2024/07/Liq.png)
In early March, as Bitcoin’s price surged toward $70,000, liquidations also spiked exceeding — $180 million. This trend highlights the high-risk nature of leveraged trading during periods of rapid price movement.
Following the Bitcoin halving in April 2024, increased market volatility led to another surge in long liquidations, coinciding with a sharp decline in Bitcoin’s price.
The current landscape shows a reduction in extreme liquidation events compared to 2021. During the previous bull run, Bitcoin’s volatile swings, particularly during the May crash, saw liquidations peak above $1.8 billion. This comparison indicates that while volatility persists, the market may have matured slightly, with somewhat reduced liquidation extremes.
![Bitcoin: Futures Long Liquidations: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2024/07/Liq-1.png)