Bitcoin Closing in on the $100,000 Mark as Market Sees Almost $1 Billion in Liquidations

Bitcoin tumbled sharply today, shedding more than 3.5% in a matter of hours and briefly flirting with the critical $100,000 level.

At the time of writing, BTC is hovering just above that psychological threshold, trading near $100,900.

The drop comes amid a flurry of macro and political turbulence, including renewed trade tensions between the U.S. and China, a surprise public clash between Elon Musk and Donald Trump, and a sharp sell-off in major tech stocks—particularly Tesla.

The broader crypto market didn’t escape the fallout. In the past 24 hours, over $950 million in positions were wiped out, with a staggering $890 million in longs getting liquidated.

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Bitcoin led the way with $337 million in liquidations, followed by Ethereum ($282M), Solana ($51M), Dogecoin ($27M), and XRP ($23M).

Altcoins—especially memecoins—were hit hardest, with several suffering double-digit percentage losses as volatility returned to the market in force.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.