$BTC BTC Bitcoin drops, erasing $303 million in long positions in minutes. Bitcoin just saw a dramatic drop from the important $100,000 psychological threshold, temporarily falling below $90500. The unexpected decline triggered large market liquidations, wiping roughly $350 million in long bets. Bitcoin's price fell from $98,338 to $90,500 in under five minutes. However, it has since rebounded and is currently trading at $98,090, according to TradingView. The strong reversal increased overall liquidations in the past hour to $350 million, with 24-hour liquidations hitting $404 million, according to CoinGlass. This comes just after Bitcoin reached the historic $100,000 mark for the first time. The market remains positive due to its strong volume.$BTC