Crypto Market Wipeout: $554M Liquidated as Bitcoin Slips Below $100K
Bitcoin dipped below $100K, falling 3% in a day as selling pressure increased. It hit a high of $102,261 before dropping to $98,141 by Sunday morning.
The decline triggered $554 million in liquidations, with over $95 million in BTC long positions wiped out. Nearly 243,000 traders faced losses, including an Ethereum trader on Binance who lost $11.84 million.
The drop highlights Bitcoin’s vulnerability despite recent political optimism, showing that market sentiment and macroeconomic factors continue to drive price action. By late morning, BTC hovered just under $99,000.
Clever Robot News Desk 2nd February 2025
