#BTCbelow100k 🔵Bitcoin falls below 99,000 $ and triggers massive liquidations The calm lasted little. In a matter of a few hours, bitcoin fell below 99,000 dollars, triggering a chain reaction: over a billion dollars in liquidated positions, altcoins shaken, and revived volatility. The episode, of rare brutality, recalls the relentless mechanics of leveraged markets. After several weeks of calm, the correction strikes hard, sweeping away the illusion of recovery. Bitcoin fell below 99,000 $ for the first time in 46 days, triggering a wave of massive liquidations. In just 24 hours, more than 1.03 billion dollars in leveraged positions were liquidated in the crypto market. This purge reflects an excess of optimism in the market, with most traders anticipating a continuation upward. Although BTC surpassed 99,000 $ again, this episode reminds us of the fragility of the market and the danger of excessive leverage. Reckless traders pay the price of overconfidence in a market always ready to reverse. This Sunday, the crypto market suffered a sharp brake as bitcoin aimed for a new high against the dollar. According to data provided by Coinglass, "more than 1.03 billion dollars in leveraged positions were liquidated in 24 hours," a phenomenon triggered by bitcoin falling below the threshold of 99,000 dollars, a fact that had not occurred in over six weeks.
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BTC
105,025.54
+3.95%