11/14/2025
201 words
1 min read
Bitcoin falls to $98K as futures liquidations soar: Should bulls expect a bounce?
Overview
Bitcoin has recently experienced a decline, falling to $98,000. This drop has been attributed to the failure of key support levels to attract significant buying interest from bulls, coupled with a surge in futures liquidations affecting long positions.
What Happened
Bitcoin’s price decline to $98,000 has raised concerns among traders and investors. The failure of key support levels suggests that there was not enough buying pressure from bulls to stabilize the price. This situation was exacerbated by a notable increase in the liquidation of long positions in the futures market. Traders who had bet on price increases were forced to close their positions, further contributing to the downward momentum.
Impact on the crypto market
- The decline in Bitcoin’s price reflects broader market sentiment and the challenges faced by bullish traders.
- The liquidation of long futures positions indicates heightened volatility and risk within the crypto trading environment.
- The failure of key support levels may lead to increased caution among investors, potentially impacting future trading strategies.
- This situation could influence market participants’ perceptions of Bitcoin’s stability and long-term prospects.
- Increased liquidations may lead to a tightening of liquidity in the market, affecting trading dynamics.
Source: Cointelegraph (RSS)
Updated: 11/14/2025, 1:32:56 PM
