Bitcoin Price Drops Below $100,000 Amidst Heavy Selling and Liquidations
Bitcoin Price Drops Below $100,000 Amidst Heavy Selling and Liquidations
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Bitcoin has once again fallen below the significant $100,000 threshold, marking the second such occurrence within a week. This price decline is attributed to a surge in forced liquidations and the most substantial selling by long-term holders observed since early 2024, indicating persistent bearish pressure on the market.
Bitcoin slipped below $100,000 again after a surge in forced liquidations and the heaviest long-term holder selling since early 2024, signalling renewed pressure on the market.