Bitcoin has demonstrated high resilience amid falling gold and silver prices, as noted by CryptoQuant analysts. Despite a smaller decline in Bitcoin’s price compared to precious metals, the cryptocurrency market faced a wave of mass liquidations of long positions.
This is reported by Business • Media
Mass Liquidations and a New Surge in Activity
The largest volume of liquidations was recorded on the Hyperliquid platform, where the total exceeded $87 million. In comparison, on one of the leading exchanges, Binance, this figure reached approximately $30 million. Experts emphasize that despite the correction, investors are not shying away from risk and remain active in the market.
“This underscores that many investors continue to seek market exposure through high levels of leverage, creating sudden spikes in volatility that are often exacerbated by cascades of liquidations. The appetite for risk remains evident, despite the events of October 10, which previously led to significant destruction of liquidity and capital in the market,” experts explained.
Open Interest Recovers
According to CryptoQuant, open interest on Binance continues to rise, surpassing 123,000 BTC. This is significantly higher than the level recorded before October 10, when the figure dropped to 93,600 BTC. The increase in open interest of over 31% indicates a return of risk appetite among cryptocurrency market participants.
It is worth noting that on October 10, 2025, the crypto market experienced a record wave of liquidations totaling over $19 billion, marking the largest event of its kind in the industry’s history.
Previously, analysts had predicted an increase in Bitcoin’s value following an active rally in the precious metals market.