Bitcoin (BTC) briefly fell below the $100,000 mark twice in the last 24 hours, testing a crucial support level at $99,000. This movement comes amid increased selling pressure from long-term holders, as indicated by a rise in realized losses reported by Glassnode. The cryptocurrency's recent 10% correction from its $110,000 peak is consistent with historical trends, according to Zerocap's Mark Hiriart. In the broader market, Ethereum (ETH) also experienced a decline, dropping to $3,335. The volatility led to the liquidation of over $1.7 billion in leveraged positions across the crypto market in the past day, highlighting the ongoing market turbulence.