Bitcoin Bounces Back Near $100K After Massive $1.6B Liquidation Shock
Bitcoin’s volatility stormed back into focus as the leading cryptocurrency rebounded near the $100,000 mark following one of the largest liquidation events of the year. Over $1.6 billion in leveraged positions were wiped out in a 24-hour span, triggering one of the most aggressive deleveraging cascades since the summer correction.
The sell-off was brutal—Bitcoin briefly plunged below key psychological support before snapping back, leaving funding rates deeply negative and open interest collapsing across major exchanges. Ethereum, Solana, and XRP weren’t spared either, with drops of 6%–10% as cascading liquidations swept through altcoin markets.
Analysts say the shakeout cleared excessive leverage that had built up, potentially setting the stage for a more stable rebound. If Bitcoin sustains above $100K and reclaims the $105K–$108K range, it could trigger short-covering toward $112K.
For now, all eyes remain on the $100K line—Bitcoin’s make-or-break battleground for the next major move.
