US EditionBTC, ETH, ADA, SOL Price News: Bitcoin Plunges Under $97,000, $880M in Liquidations
About $1 billion in leveraged crypto positions were liquidated in 24 hours, forcing out roughly 235,000 traders amid macroeconomic and equity market pressures.
- On Friday, Bitcoin fell below $98,000 for the first time since May, with more than $1 billion in leveraged positions wiped out, including roughly $887 million from longs.
- Money markets showed the odds of a December rate cut slipping as they priced the probability of a 25 basis point December cut down from 70% to around 50%, while China's latest dataset cooled activity and dragged the MSCI Asia Pacific Index down 1.3%.
- Liquidity data shows concentrated long liquidations across major platforms as about 235,000 leveraged traders were forced out, with a $44 million long wiped on HTX and Bybit, Hyperliquid, and Binance each posting more than $180 million long liquidations representing over 85% of bets last week.
- BTC's break below $98,000 puts support near $94,000 in focus, while Ethereum at about $3,236 and Solana just under $142 remain vulnerable after last week’s declines.
- The crypto sector has trended downward since Oct. 10, continuing a rough first half of November after $19 billion was lost, and analysts say whether forced unwinds have run their course depends on macro volatility over the next 48 hours.
11 Articles
11 Articles
Crypto market plunges as Bitcoin falls below $97,000
When Bitcoin dipped under $100,000 early last week, some in the crypto world thought it couldn’t get any worse. It did. As of Friday mid-day, Bitcoin was trading at below $97,000 for the first time since May and is down about 22% since its all-time high of about $126,000 just last month. Ethereum and Solana, two other major cryptocurrencies known as altcoins, have also sputtered. The former is down about 3% in the last week to about $3,236, and…
Bitcoin Slips Below $100K Again as Liquidations Hit $1B. Retail Panic Spikes
Bitcoin has broken below the $100,000 level for the second time this month, igniting another round of fear, doubt, and outright chaos across the market. The drop pushes BTC into a fresh zone of retail panic, a pattern that historically sets the stage for opportunistic buying as weak hands exit the market. And this time, the selloff comes with force. According to Binance market data, BTC dipped under 97,000 USDT, marking its lowest level since Ma…
BTC Drops Under $100K, Tether CEO Weighs In on Market Shock
TL;DR Bitcoin fell below $95,000 for the first time since May, extending the correction and putting BTC on the verge of wiping out its yearly gains. The liquidation affected 278,152 traders, generating over $1.38 billion across the crypto market, $676 million of which involved BTC pairs. There were ETF withdrawals totaling $900 million and record highs in USDT dominance. Bitcoin experienced an unexpected drop below $95,000, its lowest level sin…
Bitcoin Shorts at Risk: $131M Position Threatened Near $111,770
Whale Short: $131M Bitcoin short faces liquidation if BTC reaches $111,770. Market Pressure: Heavy short liquidations and institutional buying could push BTC toward the trigger. Technical Momentum: Bullish indicators and RSI suggest sustained upward movement in the near term. A Hyperliquid trader faces a looming $131 million liquidation if Bitcoin hits $111,770. The whale opened a 1.23K BTC short using 20x cross leverage on the decentralized per…
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