Bitcoin rose 2% Monday before easing, while crypto liquidations totaled $274.63 million in 24 hours, per CoinGlass.

The move followed a weekend of range-bound trade and kept the price near the $107,000 support area. Bitcoin set an all-time high near $123,000 on Aug. 14 and has drifted lower through late August, a backdrop that framed Monday’s quick jump toward $110,000 before giving back part of the advance.

Across the last day, liquidations skewed toward long positions. CoinGlass recorded $196.08 million in long liquidations against $78.55 million in shorts, with 108,569 accounts closed out. The largest single order occurred on Binance’s ETHUSDT pair at $3.17 million. That profile aligns with spot action over the weekend, when price faded from rallies and forced over-extended longs to exit.

The intraday picture turned in the morning pop. In the most recent four hours, $56.46 million was liquidated, and 83.45% came from shorts, indicating the 2% spike flushed late sellers before the price cooled. The one-hour tally printed $3.33 million, consistent with a contained pace of forced unwinds versus the heavier 12-hour window at $225.61 million

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Author: Liam ‘Akiba’ Wright