Bitcoin is at the $103,000 level, altcoins are lagging behind.

Bitcoin Holds Steady in Markets

Bitcoin is trading at $103,000 with a 1.8% increase for the day. However, it has entered a technically declining trend after the $126,000 peak in October.

Altcoins Experience Decline

CoinDesk 20 Index showed an increase with Bitcoin's market dominance rising to 60%. However, altcoins like ENA and APT have lost more than 20% of their value this week.

Liquidation and Positions

Recent transactions have reported the liquidation of over $300 million in leveraged positions. Additionally, open positions in Zcash (ZEC) have shown a significant increase. Investors are purchasing $80,000 Bitcoin put options to protect against potential declines.