Bitcoin Plunges Under 100K Wiping Out 339K Traders

05/11/2025 4 min

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Episode Synopsis

Bitcoin just crashed below $100K, wiping out over 330,000 traders and triggering $1.3 billion in liquidations—welcome to bear market territory. Ethereum and other major coins got slammed too, while institutions pulled nearly $187 million from Bitcoin ETFs in four days. Despite the chaos, some analysts like Tom Lee still see a $200K comeback by year-end—crypto’s wild ride isn’t over yet.