Bitcoin tests $95k HODL wall after $655M liquidation cascade
Bitcoin dropped below six figures in a sudden sell-off, crashing through $100,000 and dipping under $98,000 as leveraged longs were forced out. The cascade wiped out about $655 million of bullish bets — the largest wave of liquidations since May — and pushed price toward the long‑term $95,000 HODL wall, a level many on‑chain observers regard as critical support.
Derivatives desks and traders saw amplified volatility as margin calls and forced exits fed the decline; order‑book depth and liquidation metrics will be key to watching whether the HODL wall holds. If buyers step in, short covering could produce a sharp rebound, but a break below $95,000 would raise the odds of a deeper pullback and renewed downside pressure for risk assets across crypto markets.