Bitcoin took a hard hit! Its price dropped to less than $103,570, causing a liquidation of over $827 million in the market, the majority of which were positions betting on its rise. People lost a lot due to the use of leverage, which shows its risks during these times.
The market is tense, and the exit of significant investments from investment funds like "BlackRock" confirms that there is concern among major investors.
Bitcoin is currently trying to stabilize at $104,000, but technical analyses suggest that there is a possibility of further decline.
