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Bitcoin extends losses, tests key $106K support amid market liquidation
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Bitcoin hovered near $108K after a week of losses and $19 billion in liquidations, with traders watching U.
Bitcoin traded at $108,544 early October 24, logging its seventh consecutive daily decline. Ethereum followed at $3,829 as traders unwound leveraged positions across major exchanges. Over $19 billion worth of crypto futures were liquidated this week, pressuring sentiment and triggering margin calls. Analysts expect near-term support around $106,000, with focus on upcoming U.S. inflation data for direction cues. The overall crypto market capitalization fell below $3.8 trillion, reflecting risk-off behavior and profit booking after extended rallies earlier this month.