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Bitcoin Retreats as Derivatives Shakeout Triggers Large Liquidations
Bitcoin fell below $97,000 after volatility triggered over $1 billion in crypto liquidations, driven mainly by derivatives unwinding across major exchanges.
Bitcoin dropped below the $97,000 mark after a sharp wave of market volatility led to more than $1 billion worth of liquidations across top crypto exchanges. The decline reflected leveraged unwinding in derivatives positions, particularly among short-term traders responding to sudden price swings. Market analysts indicated that funding-rate adjustments and algorithmic trading activity intensified the selloff.
Despite the correction, long-term holders continued to maintain steady balances, suggesting broader structural confidence in the asset even amid high intraday uncertainty.