Bitcoin just sent shockwaves through the market.


In a brutal move, $BTC dropped below $104K, triggering a massive $600 million in leveraged long liquidations. Traders betting on further upside were caught flat-footed as the price nosedived from over $109K to around $103.4K in hours.


💥 What Caused the Dump?




  • Overleveraged positions: Too many traders were overexposed, and when $BTC dipped, cascading liquidations followed.



  • Support broken: Bitcoin sliced through key levels, causing panic and auto-sells.



  • Macro fears: Ongoing uncertainty around inflation, interest rates, and global regulation added fuel to the fire.


📊 Market Reaction




  • $BTC : ⬇️ Dropped nearly 5% in a matter of hours



  • ETH and other majors: Also saw double-digit percentage declines



  • Liquidations: Over $600M, mostly long positions


🧠 What’s Next?


Markets are still shaky. BTC is hovering near $104.2K for now, but sentiment is fragile. As always, leverage can amplify both gains and pain—risk management is not optional.