Bitcoin Longs Face 2,618% Liquidation Imbalance as $118.63 Million Wiped Out on February 5

On February 5, Bitcoin's derivatives market saw a stark liquidation skew, with $118.63 million in long positions cleared against $4.53 million in shorts over a four-hour span. This 2,618% imbalance emerged as BTC tested the $69,000–$70,000 zone, highlighting a leverage-heavy market under stress and raising the risk of a deeper de-risking move toward lower price ranges.