Bitcoin Breaks Above $98K as Market Liquidations Exceed $1.1 Billion

The crypto market is under heavy pressure, with bitcoin BTC
$96,098.66 falling below the critical $98,000 support level as selling intensified in a low-liquidity backdrop.

The downturn triggered more than $1.1 billion in liquidations, nearly half tied to bitcoin positions, according to CoinGlass.

Altcoins fared worse. Ether ETH
$3,216.11 slid 9% in 24 hours, and several major tokens saw double-digit declines. The CoinDesk 20 Index dropped 8%, while even top performer LTC
$101.71 closed 3% lower.

The sell-off echoed weakness in traditional markets, with Nasdaq futures (NQ) losing 2.95% over the same period

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