Over 110K Traders Liquidated as Bitcoin Drops Below $97,000
In the past 24 hours, over 110K traders were liquidated, resulting in approximately $182 million lost in the digital asset market. Bitcoin dropped 1.15% to $96,000, facing resistance at $98,800, where the 20-day EMA is situated.
- Bitcoin liquidation: $105.61 million in longs and $77.01 million in shorts.
- Largest liquidation event: $1.97 million on Bybit for BTCUSDT.
- If Bitcoin reaches $99,100, $1.25 billion in BTC shorts may be liquidated.
- Reclaiming $100,000 could lead to $1.80 billion in short liquidations.
The altcoin sector showed resilience with notable gains:
- ADA increased by 9.73%, trading at $0.7699 due to Grayscale's ETF involvement.
- AI tokens saw significant rises: ARC surged over 41%, AI16Z rose nearly 30% amid whale purchases.
- Total AI sector market cap reached $34.73 billion.