Bitcoin Plunges To $100,000 As $1 Billion In Liquidations Hit XRP, ETH, Dogecoin

Bitcoin tapped the $100,000 level on Tuesday, triggering over $1 billion in liquidations amid continued ETF outflows.

Major altcoins including Ethereum, XRP, and Dogecoin have plunged around 10%, while the Crypto Fear and Greed Index has dropped to 27, signaling growing market fear.  

Notable Statistics:

• Coinglass data shows 335,064 traders were liquidated in the past 24 hours for $1.27 billion.        
• In the past 24 hours, top gainers include Decred, Internet Computer and Dash.

Notable Developments:

• Ripple Expands Institutional Footprint As XRP Drops Below $2.30
• Donald Trump Says China ‘Is Getting Big Into Crypto Right Now’—But Is That True?
• MSTR Drops Below $250 As Strategy Announces New Bitcoin-Linked Stock Offering
• Amazon, Google Deals Boosted Cipher Mining’s Credibility, Says CEO, But Admits ‘Bias’ Linked To Bitcoin Mining Background
• Bitcoin’s Downtrend Explained By Wall Street Vet: It’s An ‘IPO-Style Distribution’

Trader Notes: IncomeSharks noted that Bitcoin is holding above $100,000 despite widespread panic, viewing this level as a key support zone that could spark a rebound or "spring" to higher prices.

Crypto chart analyst Ali Martinez echoed this sentiment, suggesting Bitcoin could bounce toward $106,500 or even $112,000 as momentum builds.

Castillo Trading described the current setup as a "do or die" moment for Bitcoin after clearing all nPOC zones from May to October, potentially paving the way for a more sustainable upward move.

Michael van de Poppe highlighted that Bitcoin's liquidity from the Oct. 10 crash could serve as a crucial point for a bounce or bottom formation, emphasizing that $112,000 remains the level to reclaim for any attempt at new all-time highs. He called this as a “disastrous start of the month.”

Read Next: 

• Bitcoin Whales Continue To Sell—Here’s What It Means For The Bull Market