Against the backdrop of yesterday's drop in Bitcoin, positions worth over $470 million were liquidated.

Yesterday, Bitcoin fell to a mark of $95,834, which led to a large liquidation of positions, over $470 million - one of the record figures for the last six months.

However, support at the mark of $96,000 has performed well, and the asset recovered above $98,000.

Analysts expect a redistribution of capital, as Bitcoin's dominance has decreased to 58% and continues to gradually decline, while BTC's market capitalization has dropped to $1.944 trillion.

The drop occurred after some altcoins rose more than 50% amid the November rally and Donald Trump's victory in the U.S. presidential elections.

A decline in dominance below 60% is still not enough for an altseason, but some altcoins are already showing good growth; if the trend continues, altcoins may perform well in December.