Crypto liquidations exceed $2bn as Bitcoin tests $100k support

Cryptocurrency markets were roiled today as Bitcoin slid toward the US$100,000 level and forced over US$2 billion of futures liquidations across exchanges. On-chain analytics flagged sharp long liquidations, negative funding rates and falling exchange reserves, while altcoins such as Ethereum and Solana recorded double-digit intraday drops. Traders warned that a sustained break below the psychological US$100k mark could accelerate forced selling, though some spot buyers were visible on dips. Macro risk-off and ETF/flow weakness amplified pressure on digital-asset sentiment.