Bitcoin’s price exhibited remarkable volatility yesterday, peaking at $103,900 before a sudden drop to $90,400 later that night. Following this decline, the price rebounded to reach $97,898. Market participants and experts closely monitored these fluctuations.
Liquidation Totals $1 Billion in 24 Hours
Data from Coinglass clearly illustrated the intense activity in the markets. Over the past 24 hours, the total liquidation amount reached $1.04 billion, with Bitcoin 
$97,873 accounting for the majority at $578.6 million. This situation indicates that market volatility has surged to very high levels.
The Fear Index, which suggests that investors are adopting a more cautious approach, also supported this trend. The index declined from a level of 84 to 72, highlighting participants’ reluctance to take risks.
Bitcoin’s Potential for Wider Acceptance Increases
Analysts at Kaiko noted that the fragmented structure of the market complicates fair price determination. They emphasized the urgent need f...
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