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Bitcoin Briefly Breaks $100,000 as Liquidations Top $1.3 Billion

Hawkish Fed messaging lifted the dollar and drained risk appetite, undercutting Bitcoin’s six‑figure floor.

Overview

  • Bitcoin slipped to roughly $99,954 on Coinbase and $99,990 on CoinMarketCap before rebounding near $101,000–$101,300, its lowest levels since late June.
  • CoinGlass data show about $1.3–$1.4 billion in crypto positions were liquidated over 24 hours, largely long bets, wiping out more than 300,000 traders.
  • U.S. spot Bitcoin ETFs recorded multi‑day net redemptions of about $1.34 billion, with another $186.5 million out on Monday driven by BlackRock’s iShares Bitcoin Trust.
  • Risk conditions tightened as the U.S. Dollar Index pushed near/above 100 and policymakers signaled caution on further rate cuts, with shutdown‑related liquidity worries adding pressure.
  • Analysts flagged bearish technicals, whale distribution and a retail long skew, while the Fear & Greed Index fell to the low‑20s, signaling extreme caution across the market.