Overview
- Bitcoin slipped below $105,000 after losing key support levels as Ethereum, Solana, XRP and other majors posted fresh declines.
- CoinGlass data show $1.37 billion in 24-hour liquidations with nearly 90% coming from long positions and more than 327,000 traders affected.
- The largest single forced closure was a $47.8 million BTC‑USDT long on HTX, underscoring concentrated risks on individual venues.
- Institutional selling through U.S. spot Bitcoin ETFs added to the drop as risk appetite cooled and the U.S. Dollar Index pushed above 100.
- The total crypto market value fell below $3.5 trillion, and thin liquidity fueled cascading sell orders following October’s outsized liquidation episode.