Bitcoin Briefly Dips Below $100,000 – More Than $860 Million Were Liquidated

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Cryptodnes2024/12/19 10:22

By:Cryptodnes

After starting this week with a major surge, the cryptocurrency market finally experienced a significant downturn.

On Monday Bitcoin’s price reached a new all-time high (ATH) above $108,000. Despite this strong surge, the crypto market seems to have lost momentum.

Today BTC briefly dropped below $100,000 (marking a 5-day low), but managed to regain some of the losses.

At the time of writing, Bitcoin is trading $100,360 after a 5.15% decline in the past 24 hours with almost $100 billion in trading volume.

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The total cryptocurrency market cap dropped 7.23% during this period to $3.42 trillion.

According to data from CoinGlass , positions worth $862.52 million were liquidated – $753.17 million in longs and $110.46 million in shorts).

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14