{"id":75208,"date":"2025-06-22T03:47:21","date_gmt":"2025-06-22T03:47:21","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=75208"},"modified":"2025-06-22T03:47:21","modified_gmt":"2025-06-22T03:47:21","slug":"bitcoin-price-drops-to-101k-wheres-the-bottom","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=75208","title":{"rendered":"Bitcoin Price Drops to $101K, Where\u2019s the Bottom?"},"content":{"rendered":"

The cryptocurrency markets continue bleeding out, with Bitcoin dropping to as low as $101,000 earlier today.<\/p>\n

At the time of this writing, BTC recovered slightly and trades above $102,000 but analysts are scraping for answers and looking for the local bottom.<\/p>\n

<\/a>Source: TradingView<\/p>\n

As seen from the 1-hour chart, at least on that time frame, the cryptocurrency has been in a clear downtrend for the past five days, marking lower highs and lower lows consistently.<\/p>\n

Data from Coinglass also reveals elevated levels of liquidated positions across the leverage market. Almost $700 million were wiped off, which is a 35% increase compared to the day before. Naturally, the overwhelming majority of that were longs, accounting for around $600 million of the total.<\/p>\n

<\/a>Source: Coinglass<\/p>\n

The heatmap below also paints a depressing picture. As you can see, with the exception of LEO, every single altcoin from the top 50 (by market capitalization) is charting significant losses over the past 24 hours.<\/p>\n

<\/a>Source: Quantify Crypto<\/p>\n

The post Bitcoin Price Drops to $101K, Where\u2019s the Bottom?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The cryptocurrency markets continue bleeding out, with Bitcoin dropping to as low as $101,000 earlier today. At the time of this writing, BTC recovered slightly and trades above $102,000 but analysts are scraping for answers and looking for the local bottom. Source: TradingView As seen from the 1-hour chart, at least on that time frame, […]<\/p>\n","protected":false},"author":0,"featured_media":75209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-75208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/75208"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75208"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/75208\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/75209"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}