Bitcoin’s price took a sharp dive over the weekend, falling below $100,000 for the first time since Monday’s market correction. This sudden downturn triggered widespread liquidations, wiping out over 250,000 traders and pushing total losses past $500 million within a day.
Bitcoin’s Weekend Slump
After ending the business week on a strong note—trading above $105,000 and briefly touching $106,000—Bitcoin failed to break higher as bearish pressure intensified.
The asset started declining on Friday evening and into Saturday, reaching $102,000 before stabilizing temporarily. However, in the last few hours, selling pressure increased, pushing BTC down to $99,000, marking its lowest point since Monday’s dip below $98,000.
As of now, Bitcoin is attempting to climb back above six figures, trading slightly above $100,000.
Altcoins Suffer Heavier Losses
As is often the case, Bitcoin’s drop has had a larger impact on altcoins, with several posting double-digit percentage losses:
• Solana (SOL)
• Dogecoin (DOGE)
• Chainlink (LINK)
• Avalanche (AVAX)
• Litecoin (LTC)
• HYPE
Even more significant losses were recorded in:
• VIRTUAL (-19%)
• TAO (-15%)
• RAY (-13%)
• LDO (-13%)
• GALA (-13%)
• TRUMP (-13%)
Over $500 Million in Liquidations
The increased volatility led to widespread liquidations, with over $500 million in total losses within the past 24 hours. More than $400 million was liquidated in just the last 12 hours, as traders struggled to react to Bitcoin’s rapid decline.
Approximately 250,000 traders saw their positions wiped out, with the largest single liquidation order occurring on Binance, valued at nearly $12 million.
As Bitcoin fights to reclaim stability, traders will be watching closely to see whether it can regain momentum or if further turbulence is ahead.
