Bitcoin Falls Below $97,000 Amid Market Turbulence; Exchanges Issue Alerts
Bitcoin fell below $97,000 amid volatility, $450M in longs liquidated; analysts cite rate, dollar, ETF concerns. $95K is key support.
Bitcoin slipped below the $97,000 level today, triggering price alerts across major exchanges including Coinbase and Binance, as sudden selling pressure hit global crypto markets.
The move comes amid heightened volatility in risk assets and a sharp rise in liquidations across leveraged positions. Market data shows more than $450 million in long positions were liquidated within hours, fueling additional downward momentum.
Analysts say the decline is partly driven by shifting expectations around U.S. interest rates, renewed strength in the dollar, and uncertainty surrounding upcoming Bitcoin ETF inflows.
Despite the pullback, institutional demand remains strong, and traders are watching the $95,000 support zone as the next key level.
More updates to follow as the situation develops.
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