Crypto markets faced significant liquidation events, exceeding $1 billion within 24 hours, as Bitcoin briefly fell below $100,000 after reaching nearly its all-time high. Over 406,000 traders were liquidated, with approximately $921 million from long positions and $260 million from short positions. Ether led the liquidations, totaling over $207.5 million in long positions, closely followed by Bitcoin with over $202 million. The price of Bitcoin dropped more than 6% from an intraday high of $106,300, echoing similar market patterns observed earlier in the month. Altcoins suffered as well, with Ethereum dropping more than 5% to an intraday low of $3,150. Other cryptocurrencies like XRP, Dogecoin, Cardano, and others recorded double-digit declines. The overall sentiment in the market suggests a cautious stance among traders, indicative of potential profit-taking strategies as market volatility continues.

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