Falling prices and rising liquidations: Bitcoin’s dip below $100,000 led to a 14% correction over a week, driven by long-term holders taking profits. This sell-off resulted in $1.1 billion in liquidations, including 10% of the decline happening in just eight minutes.
Stabilizing market amid correction: Amid this correction, funding rates are stabilizing, indicating a possible normalization of market volatility. This suggests that despite recent liquidations, Bitcoin’s market is finding a more balanced leverage level, with traders unwinding excessive long positions.
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