Bitcoin prices fell 6% to $95,164 in early Asian trading. BTC, which gained 10% last week to $102,000, lost those gains. However, it remains within the channel that has been forming since mid-December. 📉

Over the last 24 hours, more than 235,000 traders faced liquidations totaling $695 million. 90% of the liquidations were in long positions. The largest single liquidation in ETH/USDT occurred on Binance.

This sharp correction in the crypto market was due to the decline in US stocks and the strong dollar. However, it is thought that the bull market for Bitcoin continues. 📈

The altcoin market also fell 7% to $3.53 trillion. Ethereum fell 8% to below $3,400. Dogecoin, Avalanche and other altcoins experienced double-digit losses.