.svg)
Bitcoin fell under the $108,000 mark as a wave of liquidations swept through the crypto market, wiping out over $320 million in positions. The sudden dip marks another chapter in the recent stretch of volatility, shaking leveraged traders and causing broad sell pressure across major digital assets. The sharp move triggered automatic liquidations on futures platforms, contributing to the downward momentum.
The bulk of the liquidations came from long positions, signaling that many traders were betting on further upside before the price reversed. Bitcoin’s decline pulled other top cryptocurrencies down as well, with Ethereum and several altcoins seeing double-digit losses. The market reaction reflects how fragile sentiment remains in the face of shifting macro conditions and rapid price movements.
Analysts point to a mix of factors behind the drop, including uncertainty around global monetary policy, declining risk appetite, and recent geopolitical tensions. The lack of strong buying support at higher levels left the market vulnerable to sharp corrections, particularly with high levels of open interest and leverage in play.
While Bitcoin remains in an overall uptrend compared to earlier in the year, the latest dip is a reminder of how quickly momentum can shift. As traders reassess their positions, the focus now turns to whether the $100,000 level can hold as psychological support. The coming days may determine if this was a temporary shakeout or the start of a deeper pullback.
.png)
.png)
.svg)
.svg)
.svg)
.svg)
.svg)
.svg)