Bitcoin Price Drop Triggers Risk of Major Liquidation Event

The price of Bitcoin is approaching a critical level that could trigger a major liquidation event, potentially resulting in the loss of up to $987 million from centralized exchanges like Binance and OKX. This risk arises as the cryptocurrency’s price nears the crucial $102,000 mark. Analysts are closely watching the situation, particularly given concerns about the potential impact on broader financial markets. 💰