Bitcoin eliminated approximately $240 million in liquidations following volatile price movement between $111,000 and $117,000. The sharp fluctuation cleared overleveraged long and short positions, reducing open interest. The asset now trades between $113,000 and $114,000, with technical indicators showing neutral momentum as the market resets from derivative-driven volatility.

A crypto whale has opened two high-leverage positions totaling $29 million on Bitcoin and HYPE tokens. The whale entered a 40x leveraged long on 149 BTC at $111,658, alongside a separate 10x position on HYPE tokens. Bitcoin currently trades near $111,800, slightly above the entry point, with the position showing a minor unrealized loss of approximately $14,600.

Bitcoin is trading near $111,000 ahead of the weekend, when liquidity typically thins and volatility may increase. Data show five critical price levels that could trigger significant moves during low-volume sessions, with the largest long liquidation cluster sitting between $108,000 and $108,500.