*Bitcoin $BTC Plunges: $111K to $108K in Minutes*
Bitcoin's value plummeted from $111,381 to $108,425 in a stunning 15-minute selloff, wiping out over $3,000. This sharp decline triggered high market volatility.
*Market Snapshot:*
- Current Price: $108,469.99
- 24h High: $111,980
- 24h Low: $108,425
- Volume: 22.7K BTC $BTC traded in 24h
- Daily Drop: -2.93%
*What's Behind the Drop?*
Possible causes include:
1. Whale sell-offs
2. Fear-driven liquidations
3. Macro news impacting market confidence
*Key Levels to Watch:*
1. Immediate support: $108,000
2. If broken: $106K–$105K zone $BTC
3. Recovery zone: Above $110K with strong volume
*Investor Advice:*
Avoid chasing red candles. Let the market stabilize, monitor key zones, and prioritize risk management.