15h ago• 3 min read
Bitcoin Crashes Under $100K for Third Time This Month Amid Mass Liquidations
Bitcoin tumbled below $100,000 for the third time this month, triggering a massive liquidation wave exceeding $880 million as traders faced margin calls amid broader crypto market weakness.
Key takeaways
📉 Third Drop: Bitcoin fell below $100,000 for the third time this month, reaching as low as $97,000
💥 Massive Liquidations: Over $880 million in bullish bets were wiped out in the selloff
🏦 Institutional Impact: Despite the crash, institutions like Emory University continue accumulating Bitcoin ETFs
⚠️ Market Pressure: China's economic data and Fed hawkishness contributed to the risk-off sentiment
Deep dive
Bitcoin's latest crash below the psychological $100,000 level has triggered one of the largest liquidation events in recent months, with over $880 million in leveraged positions being forcibly closed.
The selloff was exacerbated by weaker-than-expected Chinese economic data and continued Federal Reserve hawkishness regarding interest rate cuts.
Despite the dramatic price action, on-chain data suggests this may represent seller exhaustion, with institutional players like Emory University actually increasing their Bitcoin exposure during the downturn.
Market analysts note that while short-term pain is evident, the ingredients for a potential rebound are building as retail sentiment reaches oversold levels.
Polaris insights AI-generated
Disclaimer: This article may contain content generated or assisted by AI, based on information from public sources. While we aim for accuracy, no content should be taken as financial or trading advice. Always do your own research and consult a professional before making investment decisions. Markets are volatile and involve risk.
