{"id":51563,"date":"2025-11-05T04:27:34","date_gmt":"2025-11-05T04:27:34","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=51563"},"modified":"2025-11-05T04:27:34","modified_gmt":"2025-11-05T04:27:34","slug":"bitcoin-plummets-below-104k-in-1-4-billion-shakeup","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/bitcoin-plummets-below-104k-in-1-4-billion-shakeup\/","title":{"rendered":"Bitcoin Plummets Below $104K in $1.4 Billion Shakeup"},"content":{"rendered":"\n

The recent downturn in the cryptocurrency market has left many investors reeling, with figures indicating around $1.4 billion in liquidations affecting numerous traders as Bitcoin and other prominent altcoins take a significant hit.<\/p>\n

<\/span>Bitcoin Faces a Sharp Decline Below $100,000<\/span><\/h2>\n

The start of November has ushered in troubling trends for the digital currency market. Bitcoin, a major player, has dropped to around $99,500, marking a significant setback. This decline represents a staggering fall of close to 12% within the week and is the lowest point since early October.<\/p>\n

<\/p>\n

Before this recent decline, Bitcoin had not seen such low levels since late June. Should the current trend continue, we may witness a broader market correction not seen for several months.<\/p>\n

In tandem with Bitcoin, Ethereum has also struggled, plummeting to $2,800, a stark dip not seen since July. With its weekly return plummeting nearly 18%, Ethereum mirrors the struggles faced by many other cryptocurrencies, contributing to widespread market instability.<\/p>\n

<\/span>Liquidation Figures Reach Nearly $1.4 Billion in Just One Day<\/span><\/h2>\n

Data sourced from CoinGlass<\/a> reveals that the past day has seen staggering liquidations in the crypto derivatives arena, nearing $1.4 billion. This figure reflects the forced exits of various trading contracts after exceeding allowable loss thresholds.<\/p>\n

As market prices have dipped, the majority of these liquidations have predominantly affected bullish positions.<\/p>\n

\"Bitcoin<\/p>\n

Analysis shows that around $1.25 billion were linked to long positions, making up approximately 90% of the total liquidations. This trend indicates many traders had anticipated a market recovery and engaged in leveraged trading, only to face significant losses as prices fell.<\/p>\n

Specifically, Bitcoin and Ethereum accounted for the highest liquidation amounts at roughly $420 million and $375 million respectively.<\/p>\n

\"Bitcoin<\/p>\n

Among altcoins, Solana experienced the most liquidation at around $160 million, significantly outpacing XRP\u2019s approximate $30 million. Solana’s 9% decline over the last 24 hours highlights its vulnerability in the ongoing market turmoil.<\/p>\n

A situation like today\u2019s is often described as a “squeeze,” particularly when it centers on long positions, hence termed a long squeeze.<\/p>\n

In the fluctuating world of cryptocurrency, events such as futures squeezes are not highly unusual due to inherent volatility and the prevalence of overleveraged positions. However, large-scale liquidation incidents, like this one, remain relatively uncommon.<\/p>\n","protected":false},"excerpt":{"rendered":"

The recent downturn in the cryptocurrency market has left many investors reeling, with figures indicating around $1.4 billion in liquidations affecting numerous traders as Bitcoin and other prominent altcoins take a significant hit. Bitcoin Faces a Sharp Decline Below $100,000 The start of November has ushered in troubling trends for the digital currency market. Bitcoin, […]<\/p>\n","protected":false},"author":14,"featured_media":51564,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Bitcoin Plummets Below $104K in $1.4 Billion Shakeup - Bitrabo","description":"The recent downturn in the cryptocurrency market has left many investors reeling, with figures indicating around $1.4 billion in liquidations affecting numerous"},"footnotes":""},"categories":[316],"tags":[580,448,3239,504,18229,1670],"class_list":["post-51563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-billion","tag-bitcoin","tag-crashes","tag-crypto","tag-shocked","tag-squeeze"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/51563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=51563"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/51563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/51564"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=51563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=51563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=51563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}