Crypto Market Faces Crash Fears with $5.72B Bitcoin and Ether
TLDR
- Bitcoin trades near $103,978 and Ethereum near $3,696 amid heavy liquidations.
- $5.72B in Bitcoin and Ethereum options expiry triggers massive market volatility.
- Crypto market cap drops $830B in a week as traders brace for further decline.
- Spot Bitcoin ETFs record $536M outflow, the largest single-day since August.
Bitcoin has dropped below $104,000 and Ethereum has slipped under $3,600, sending shockwaves through the crypto market. Over $5.72 billion in Bitcoin and Ethereum options are set to expire today, creating worries about more losses. Traders are preparing for high volatility as selling pressure builds and global economic concerns grow.
Sharp Market Decline and Rising Liquidations
Bitcoin has fallen over 7% in…
