Bitcoin has experienced significant long liquidations totaling $1.70B across exchanges in the last 24 hours, with Bybit and Binance accounting for the majority. The accompanying chart suggests a potential bearish trend for Bitcoin (BTC/USDT) on the daily timeframe, with a "daily bearish breaker" identified around the $115,000-$120,000 range, and a projected decline towards the $100,000 and potentially $96,000-$91,000 levels by late 2025.