Bitcoin dips to $100.8K, wipes $610M in liquidations before rebound
Bitcoin plunged to a low of $100,800 on November 12, shedding roughly 4.2% in 24 hours as a firmer dollar weighed on risk assets. The broader crypto market lost about $65 billion during the move, and Coinglass data shows more than $610 million in leveraged positions were liquidated during the sell-off. Prices recovered to around $103,000 early the following morning, but volatility remained elevated. The episode underscores the sensitivity of Bitcoin to macro moves and crowded leverage. Forced liquidations amplify downside momentum and can deepen short-term drawdowns, meaning traders and holders should watch dollar strength and funding rates closely. While the rebound trimmed immediate losses, the balance between macro pressure and inflows will likely dictate whether Bitcoin can sustain a recovery or face further turbulence.