Bitcoin Slides Toward $100K as Liquidity Crunch Eviscerates Crypto Stocks
Bitcoin was trading near $103,539 as the latest move extended losses for the digital-asset complex, with the steepest declines occurring during U.S. market hours. The drop came alongside a pronounced liquidity crunch that forced risk assets to reprice quickly, hitting crypto-focused equities especially hard and amplifying volatility across spot and derivatives markets.
For traders and institutional participants the episode highlights the fragility of risk appetite when liquidity evaporates; margin calls and wider bid-ask spreads can accelerate moves and raise short-term tail risk. Market participants will be watching incoming macro data, Treasury yields and liquidity flows closely — a sustained return of depth would calm markets, while continued outflows could pressure prices further in the near term.