What's Next as Bitcoin, ETH, SOL, XRP Drop 6-10%, Bulls See Massive $1.6B Liquidations

Bitcoin's price dipped to just above $100,000 amidst significant forced liquidations and macroeconomic instability, leading to over $2 billion in futures contracts being liquidated, primarily affecting long traders. Bitcoin fell by 5.5% in the past day and over 10% weekly, supported by a slight rebound to $101,000. Ether, Solana, and BNB experienced drops of 6-10%, while XRP fell by over 5%. Concerns over potential interest rate decisions and overall financial market sentiment contributed to the declines observed across various digital assets. Despite the volatility, analysts argue that Bitcoin's long-term outlook remains positive, identifying $100,000 as a potential support level. The market faces uncertainty in upcoming sessions, aiming to determine if the current bounce can sustain or if further selling pressure will emerge. This correction represents one of the most significant deleveraging incidents since September, highlighting the fragile investor positioning following a period of erratic price movements.

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