📉 #Bitcoin Drops Below $120K Amid Inflation Fears & $461M Liquidation Storm

$BTC has fallen below the $120,000 mark, sliding to around $116,800, after hitting a fresh all-time high near $123K. The drop comes amid growing concerns over U.S. inflation and a $461 million liquidation wipeout

🔻 Long traders took the biggest hit, with over $383 million in liquidations, while short traders lost around $78M.

📉 The key level of $116,300 became a liquidation trigger point, as profit-taking and volatility intensified. Analysts had anticipated a correction after Bitcoin’s rapid rise from $108K to $122K.