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

Yesterday, Bitcoin fell to a mark of $95,834, leading to a significant liquidation of positions, over $470 million$ - one of the record figures in the last six months.

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

Analysts expect a capital redistribution, 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 collapse occurred after some altcoins rose by more than 50% amid the November rally and Donald Trump's victory in the US presidential election.

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