🔻 **Bitcoin slipped below \$110K** for the first time since July after a whale offloaded \~24,000 BTC, triggering nearly **\$900M in liquidations**. 📉 Key support now sits at **\$107K** — if broken, we could see a retest of **\$100K**. ⚡ Altcoins like ETH, SOL & XRP are also feeling the heat.
💡 **Takeaway:** This looks more like a *healthy correction* than a trend reversal. Smart money is waiting for BTC to stabilize near support before loading up again.
👉 Question for the group: Do you think this dip is a **buying opportunity** or just the **start of deeper correction**?
💡 Why #BitcoinBasics Bitcoin Has Only 21 Million Coins – and Why It Matters
When Bitcoin was created in 2009, its founder Satoshi Nakamoto designed it with a fixed supply of 21 million coins. Unlike traditional currencies that governments can print at will, Bitcoin is deflationary—no one can create extra coins beyond this limit.
Every 10 minutes, miners add new Bitcoins to circulation as block rewards. But these rewards halve every four years (the “halving event”), slowing down new supply until the very last Bitcoin is mined around the year 2140.
This scarcity is what makes Bitcoin so valuable—it’s often called “digital gold” because, like gold, there’s only a limited amount. While fiat currencies lose value due to inflation, Bitcoin’s capped supply means it could preserve and even grow in value as demand increases.
In short, the 21 million cap is not just a number—it’s the foundation of Bitcoin’s strength, separating it from every other currency in history. 🌍✨