📉 $111M #Bitcoin Liquidation Shakes the Market – Is $102K the Next Critical Level?

One overleveraged whale just lost $111 million in a single trade — and the ripple effect is hitting the broader $BTC market hard.

As Bitcoin hovers near $104K, traders are eyeing $102K as the next make-or-break support. A breakdown could trigger further liquidations and drag BTC below $98K, while a bounce may revive the bullish momentum.

This event also raises red flags about rising derivatives risk, as platforms like Hyperliquid attract traders with extreme leverage.