Bitcoin’s sudden dip under $95k incurs $180 million in trader losses, stalls $100k momentum

Bitcoin’s price sharply declined nearly 2% on the 1-hour chart, falling below $95,000, deviating from its recent upward momentum toward the $100,000 milestone.

Data from CryptoSlate shows that Bitcoin reached a low of $94,824 before recovering to $96,007 at the time of writing. This brief dip occurred just four days after the top crypto surpassed the $95,000 mark for the first time on Nov. 21.

Bitcoin Price Performance
Bitcoin 24-Hour Price Chart (Source: Tradingview)

Following the decline, the likelihood of Bitcoin hitting $100,000 before December dropped significantly to 45% from 88%, according to predictions from the Kalshi marketplace.

Bitcoin Price
Bitcoin Probability of Hitting $100,000 Before December (Source: Kalshi)

Meanwhile, the downturn in Bitcoin’s price reflected broader market trends. Major cryptocurrencies such as Solana, Ethereum, and BNB also experienced declines of approximately 2% in the same time frame.

The drop triggered significant losses for crypto traders. Coinglass data revealed that Bitcoin’s dip alone led to $40 million in losses for traders holding BTC positions. When losses in other assets are accounted for, the total industry-wide losses rise to over $120 million in the past hour and $180 million in the last four hours.

Crypto Market Liquidation
Crypto Market Liquidation (Source: Coinglass)

Over the past 24 hours, the volatility impacted 152,274 traders, resulting in $436.4 million in liquidations.

The post Bitcoin’s sudden dip under $95k incurs $180 million in trader losses, stalls $100k momentum appeared first on CryptoSlate.

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  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,065.000.00%
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  • stellarStellar(XLM)$0.1229001.01%
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  • havvenSynthetix Network(SNX)$2.06-0.07%
  • tezosTezos(XTZ)$0.701.39%
  • eosEOS(EOS)$0.581.13%
  • theta-tokenTheta Network(THETA)$0.641.26%
  • bitcoin-cash-svBitcoin SV(BSV)$29.94-1.07%
  • nemNEM(XEM)$0.025210-0.32%
  • bitcoinBitcoin(BTC)$26,051.000.02%
  • ethereumEthereum(ETH)$1,652.21-0.04%
  • tetherTether(USDT)$1.00-0.08%
  • binancecoinBNB(BNB)$217.290.72%
  • rippleXRP(XRP)$0.521.75%
  • usd-coinUSD Coin(USDC)$1.00-0.04%
  • cardanoCardano(ADA)$0.260196-0.85%
  • dogecoinDogecoin(DOGE)$0.0631641.33%
  • tronTRON(TRX)$0.0774861.09%
  • polkadotPolkadot(DOT)$4.501.99%
  • litecoinLitecoin(LTC)$65.301.07%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,065.000.00%
  • bitcoin-cashBitcoin Cash(BCH)$189.59-0.41%
  • uniswapUniswap(UNI)$4.58-0.60%
  • stellarStellar(XLM)$0.1229001.01%
  • moneroMonero(XMR)$141.101.34%
  • aaveAave(AAVE)$56.961.06%
  • havvenSynthetix Network(SNX)$2.06-0.07%
  • tezosTezos(XTZ)$0.701.39%
  • eosEOS(EOS)$0.581.13%
  • theta-tokenTheta Network(THETA)$0.641.26%
  • bitcoin-cash-svBitcoin SV(BSV)$29.94-1.07%
  • nemNEM(XEM)$0.025210-0.32%