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Bitcoin Crash: 100K Broken! $655M Lost – Is Your Crypto Next?

Bitcoin Crash: 100K Broken! $655M Lost – Is Your Crypto Next?

Could your crypto dreams be turning into a nightmare? Bitcoin has just shattered its critical $100,000 defense line, plunging 3% to $98,550. This isn't just a minor dip; it's a catastrophic breakdown, triggering over $190 million in instant long liquidations and reminding seasoned investors of the terrifying cascade seen last May. The crypto market is in a chokehold, with Ethereum, Solana, and BNB all suffering significant losses as fear grips digital assets. A staggering $655 million in total liquidations within 24 hours has amplified this downward spiral, fueled by over-leveraged positions unwinding. Worse still, institutional demand for US spot Bitcoin ETFs has vanished, with nearly $1 billion in cumulative redemptions this month alone, pulling away a crucial stabilizing force and leaving the market brutally exposed. Experts from Glassnode reveal Bitcoin has been trading below its short-term holder cost basis for weeks, signaling a bearish capitulation intensity not seen in the current cycle's last three major washouts. Sentiment is deteriorating rapidly, with traders actively seeking downside protection as uncertainty reigns. A dense cluster of supply overhead threatens any potential rally, making a sustained recovery seem distant unless fresh capital miraculously appears. The stakes are incredibly high, and understanding these market shifts is vital for protecting your financial future. Don't let these seismic shifts catch you off guard; make sure to subscribe to our channel for urgent updates and expert analysis!

Tags/Hashtags: #bitcoin #liquidations #ethereum #solana #bnb #investing #ethereum #solana #bnb #coinglass #glassnode

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