Bitcoin Falls 13.5% After $100K Milestone, $893M Liquidated, MARA Raises $850M

Bitcoin (BTC) recently surpassed the $100,000 milestone, driven by strong ETF flows and increased market activity. However, the cryptocurrency experienced a sharp 13.5% decline shortly after crossing this threshold, leading to significant market volatility.

Over $893 million in leveraged positions were liquidated, with $416 million of long positions affected. This marked the largest wipeout of exchange open interest since December 2021, with a 10% reduction. Additionally, $487 million in leveraged Bitcoin positions were liquidated in the past 24 hours.

MARA closed an $850 million raise aimed at Bitcoin purchases. Altcoins demonstrated resilience despite the BTC drop. The market remains focused on the $100,000 support level as traders assess the implications of these developments.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.