Bitcoin recently just broke below $113,000, marking
its sharpest drop in weeks. Over $900M in crypto liquidations hit the
market in 24 hours, with BTC leading the plunge—likely triggered by macro
pressure including new U.S. tariffs and weak jobs data.
Support levels around $115K gave way fast, confirming
bearish momentum. The sell-off didn’t just affect Bitcoin—ETH and altcoins
followed, amplifying the overall risk-off sentiment.
Analysts like Arthur Hayes are now calling for BTC to revisit $100K, citing technical breakdowns and elevated unrealized profits as signs of more downside ahead.
It’s still unclear whether this is a fakeout or the start of a broader correction, but for now, the $112K zone is the level to watch.
#altcoinews #cryptocurrencynews
