Bitcoin Drops Below $104k, Triggering $205 Million in Liquidations

A significant drop below $104,000 sent ripples through the crypto market, triggering a substantial $205 million in liquidations. These events reflect a noticeable shift in market sentiment as institutional players closely monitor the impact of these recent losses. The trigger point for this liquidation zone was near $103,169, aligning with recent lows in the Bitcoin price. This decline follows similar patterns observed earlier in the year, where significant losses occurred under similar conditions.