Crypto Markets Today: Bitcoin Breaches $98K as Liquidations Top $1.1B

Overview

A recent liquidity crunch has led to significant declines in both Bitcoin and altcoins, resulting in over a billion dollars in derivatives liquidations. Traders are now on high alert for a possible trend reversal in the market.

What Happened

The crypto market experienced a sharp liquidity crunch, which had a profound impact on the prices of Bitcoin and various altcoins. This sudden shift in liquidity conditions forced many traders to liquidate their positions, leading to a total exceeding one billion dollars in derivatives liquidations. The events have raised concerns among traders, prompting them to brace for a potential trend reversal in the market.

Impact on the crypto market

• Significant declines in Bitcoin and altcoin prices were observed.
• Over a billion dollars in derivatives liquidations occurred.
• Traders are preparing for a potential trend reversal.
• The liquidity crunch highlights vulnerabilities within the crypto market.
• Market participants are likely to reassess their strategies in response to these developments.

Updated: 11/14/2025, 11:21:32 AM