Bitcoin briefly touched $100,000 before plummeting to nearly $94,000, triggering about $1.7 billion in liquidations, most of which came from leveraged longs. Prices rebounded to the high $97,000s overnight. Bitcoin's open interest and Ethereum's unsettled futures contracts both experienced declines in the past day. Analysts highlighted key support levels at almost $91,000 and $83,000 if Bitcoin falls further. Bitcoin's long positions surged, signaling expectations of future price increases.
