The Bitcoin price slipped after a failed push above $116,000, triggering roughly $125 million in liquidations and a fresh bout of risk-off across altcoins.

The pullback follows last week’s tariff-driven shock and Monday’s fade from resistance, with traders eyeing whether the dip sets up the next leg higher, or a deeper test of support.

Bitcoin Price Rejected at $116K, Liquidations Flush Leverage

After rebounding more than $15,000 off the weekend low, the Bitcoin price stalled near $111,500, a level that’s repeatedly attracted seller interest and profit-taking. As price rolled over, a wave of long liquidations swept through derivatives venues, wiping out overleveraged positions and cooling overheated funding.

Short-term, $111,000 has emerged as an initial demand zone, with deeper supp

See Full Page