$BTC Slides Toward 95,000 as Liquidations Pick Up

The market is taking another hit today. Bitcoin is drifting toward the 95,000 level and Ether is down about 11 percent in the past 24 hours.

The pullback is triggering a wave of liquidations across the major trading platforms. Most of it is coming from over-leveraged long positions that couldn’t handle the drop.

It’s the kind of move that usually forces the market to reset short term. Until things settle, expect more choppy price action and sudden spikes in volatility.

Keep an eye on funding rates and open interest. They’re telling the story right now.

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