Bitcoin Plummets Under $104,000 Amidst $1.4 Billion Crypto Market Squeeze
Bitcoin Plummets Under $104,000 Amidst $1.4 Billion Crypto Market Squeeze
The cryptocurrency derivatives market has been rocked by nearly $1.4 billion in liquidations. Bitcoin, alongside other altcoins, experienced a sharp crash, with BTC specifically falling below $104,000, setting a bearish tone for the start of November.
Crypto Market Faces Massive Liquidations and Bitcoin Crash
Data from the cryptocurrency derivatives market reveals a staggering $1.4 billion in liquidations, impacting traders as Bitcoin and various altcoins witnessed significant price declines. The flagship cryptocurrency, Bitcoin, has been particularly hard hit, crashing below the critical $104,000 threshold. This sharp downturn marks a bearish commencement to November, with significant drops observed across the broader digital asset landscape, including BTC.