Bitcoin briefly touched $100,000 before plummeting to nearly $94,000, triggering about $1.7 billion in liquidations, most of which came from leveraged longs. Prices rebounded to the high $97,000s overnight. Bitcoin's open interest and Ethereum's unsettled futures contracts both experienced declines in the past day. Analysts highlighted key support levels at almost $91,000 and $83,000 if Bitcoin falls further. Bitcoin's long positions surged, signaling expectations of future price increases.
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00:00It's Benzinga, bringing Wall Street to mainstream.
00:02Bitcoin briefly touched $100,000 before plummeting to nearly $94,000,
00:07triggering about $1.7 billion in liquidations, most of which came from leveraged longs.
00:13Prices rebounded to the high $97,000 overnight.
00:16Bitcoin's open interest in Ethereum's unsettled futures contracts
00:20both experienced declines in the past day.
00:22Analysts highlighted key support levels at almost $91,000 and at $83,000 if Bitcoin falls further.
00:29Bitcoin long position surged, signaling expectations of future price increases.
00:34For all things money, visit Benzinga.com.