Bitcoin slips below $105K; weekly losses deepen as liquidations reset leverage

Bitcoin traded near $104,850, down about 1.8% intraday and 9.5% for the week, extending the crypto market’s broad correction. Roughly $128 billion in market value was erased amid elevated liquidations, with Ethereum falling around 6.3% to $5,460. Strategists expect stabilization once open interest and funding rates normalize across major venues.