Leading the altcoin drop, $BTC price is at risk of falling below the $100,000 psychological level. The coin has already made history as it recorded its first monthly close above $100,000. Despite the mild consolidation in the market, buyers are making a profit at the moment.
As of writing, the BTC price was changing hands for $100,579.67, down by 1.69% in 24 hours. The coin has traded around a very tight range from a low of $100,542 to a high of $102,755 before the selloff.
Notably, this outlook has fueled a combined crypto liquidation of $382.51 million per Coinglass data.
Notably, this figure is less than the earlier $1.1 billion crypto liquidation, which dragged BTC from a high of $108,000 to $95,587.68. However, traders are on high alert, and Bitcoin is co-leading the liquidation trend with $57 million.