US EditionBitcoin (BTC) Price News: Monday Crypto Selloff as ETH, SOL, BNB, ADA Plunge 5%-10%
The global crypto market saw $1.28 billion liquidated in 24 hours with Bitcoin dropping below $106,000 amid ongoing deleveraging and increased short positions, Coinglass data shows.
- On Monday, Bitcoin plunged to $105,500 in early U.S. trade, slipping below $106,000 as the market recorded over $1 billion in liquidations.
- Rising open interest suggested new positioning as prices fell, with Bitcoin's open interest rising 0.03% and nearly 70% of Binance traders betting on gains amid $74 billion trading volume.
- Nearly $1.28 billion was liquidated, with long positions making up 90%, while Solana and XRP slid 8%–10%, and Ether fell below $3,600.
- The market moved into "Extreme Fear" as Bitcoin fell below $106,000, declining 4% over 24 hours, with shares of major crypto firms sliding, including Circle down 7%.
- Analysts still cite upside targets, including $200,000 for Bitcoin, with Tom Lee projecting a year‑end rally while noting fundamentals lead prices, `Right now fundamentals are leading prices in crypto`, Lee said.
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Leading cryptocurrencies sank deeper on Monday as the market recorded over $1 billion in liquidations.
Crypto liquidations hit $1.3B as Bitcoin price nosedives below $104K – DG Verifications & Stats
Over $1.3 billion was wiped out across the crypto market as traders shifted their focus to $100,000 as the last line of defense for Bitcoin. Market Analysis Key takeaways: Bitcoin price is down 17% from its all-time high on Tuesday, dropping under $104,000. Crypto liquidations totaled $1.3 billion in losses over the past 24 hours. Traders say Bitcoin needs to quickly reclaim $105,000 to avoid a deeper correction toward $100,000. Bitcoin (BTC…
Crypto Liquidation Wave Wipes Out $1.27 Billion
This article was first published on Deythere. A massive crypto liquidation wave just hit this early November as Bitcoin fell from around $112,000 to around $104,000, forcing more than $1.27 billion in leveraged futures positions to close. According to CoinGlass, longs accounted for nearly 90% of the total, wiping out around $1.14 billion in longs. The top exchange for liquidations was Hyperliquid with around $374 million, followed by Bybit ($315…
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velvetclassic.netCrypto Market Consolidation Sees Bitcoin Price Drop Under $105,000 as Market Liquidations Cross $1.1 Billion
Bitcoin dropped below $105,000 (roughly Rs. 92.9 lakh) on Tuesday as $1.1 billion (roughly Rs. 9,740 crore) worth of crypto positions were liquidated amid a global liquidity squeeze. Ethereum fell to $3,500 (roughly Rs. 3.12 lakh), while altcoins like Solana, BNB, and Dogecoin saw steep declines. Analysts suggest the volatility marks a correction phase rather than panic, with long-term investors eyeing accumulation opportunities.
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