$BTC - Bitcoin Price Forecasts. The dominance of Bitcoin (Bitcoin-BTC) has increased after one of the most severe blows the cryptocurrency market has recently faced due to the liquidation of leveraged trades worth over one billion dollars, while the BTC coin is now trading around the level of $104,957, with a slight decrease of 0.17% yesterday, as traders reassess their risk appetite.

According to data from Coinglass, over 247,000 traders were liquidated within 24 hours, with the most notable including speculative trades on the rise of Bitcoin's price worth $200 million on the Binance platform, which is considered the largest liquidation event of this year. In this event, the Binance and Bybit platforms were the most affected, as together they accumulated $834 million in positions that were liquidated.