Bitcoin Falls Below $98K Amid >$1.1B Liquidations
Bitcoin dipped below the $98,000 support level on Nov. 14, trading near $97,014 as sell orders met a low-liquidity market. Derivative liquidations climbed past $1.1 billion during the drop, signaling sizable forced exits across leveraged long positions and amplifying the intraday move.
The break of this key level matters because low liquidity can turn routine selling into outsized price swings, increasing short-term risk for traders and margin users. Market participants will be watching whether spot buyers re-enter near established supports or if the move triggers further deleveraging; either outcome could shape near-term volatility across major tokens and crypto derivatives.