Crypto Liquidations Top $2 Billion as Bitcoin Continues Slide, Ethereum Hits 4-Month Low

Market Overview - The crypto market experienced significant declines, with Bitcoin nearly reaching $99,000 and Ethereum hitting a four-month low, leading to total daily liquidations exceeding $2 billion [1][2][3] - Bitcoin fell below the $100,000 mark for the first time in six months, with a recorded low of $99,075 [1][2] Bitcoin Performance - Bitcoin was trading at $101,167, reflecting a daily drop of approximately 5%, and has seen a decline of over 10% in the past week, down nearly 20% from its all-time high of over $126,000 set in early October [2] - Liquidations for Bitcoin positions amounted to $614 million, with Bitcoin leading daily liquidations earlier in the day [3] Ethereum Performance - Ethereum's price dropped from a 24-hour high of $3,649 to a low of $3,097, marking its lowest price since July, and is currently down more than 9% on the day [2] - Ethereum accounted for $655 million in liquidations, surpassing Bitcoin's liquidations [3] Altcoin Performance - Other altcoins such as XRP, Solana, and BNB experienced greater daily losses than Bitcoin, although none matched Ethereum's decline [3] Market Sentiment - The total liquidations of $2.02 billion in the past 24 hours, while substantial, are still far below the record $19 billion set in October, indicating a shift towards more conservative trading behavior among investors [4] - Market anxiety persists among large investors, reminiscent of the volatility seen on Black Friday (October 10) [4]