Bitcoin's price briefly fell below $92,000, marking a 10% decline from its all-time high of $104,000, leading to over $1 billion in liquidations within 24 hours, primarily from long positions. However, it quickly rebounded to $96,500, indicating strong demand despite market volatility. Altcoins like Solana, Ethereum, and Dogecoin also showed resilience, recovering swiftly after the dip.