Bitcoin Liquidations Hit $117M After Price Dips Below $100K
Bitcoin liquidations surged in early trading as the price plunged past key levels. A fall below $103,000 triggered over $120 million in long position liquidations within an hour, according to real-time heatmaps. A subsequent dip under $100,000 led to another $117 million in forced sell-offs on Binance, Bybit and other futures exchanges. These automated liquidations dominated the market, amplifying downward momentum. The sharp correction highlights growing market volatility and the risks of overleverage. Traders should monitor bitcoin liquidations, leverage ratios and funding rates to manage exposure and avoid large losses during sudden price reversals.
Bearish
These large-scale bitcoin liquidations reflect severe market distress, forcing leveraged traders to exit and intensifying selling momentum. Short term, such automated sell‐offs can push prices lower as margin calls drain buying power, leading to further corrections. Longer term, elevated funding rates and reduced leverage may temper volatility, but the underlying fragile sentiment heightens the risk of new liquidation cascades on any bearish catalyst, keeping traders cautious.