Bitcoin once again failed to hold above $100,000 and sharply dropped by $6,000 in just a few hours. 😲 Altcoins also suffered, with double-digit losses for WIF, TIA, FIL, APT, LTC, and others.
After the morning report, BTC rose above $100,000 but soon plummeted to $94,300. It has now recovered to $97,000, but the situation remains tense for traders with significant leverage.
In the last 24 hours, liquidations reached $1.5 billion, of which $900 million occurred in the last hour. Over 500,000 market participants have been affected. The total market capitalization of cryptocurrencies has decreased from $3.750 trillion to $3.610 trillion. 📉