Bitcoin Plunges Below $117K, Triggering $800M Liquidations

A significant drop in Bitcoin’s price below the $117,000 mark triggered over $800 million in cryptocurrency long liquidations. This event heavily impacted leading exchanges like Binance and OKX, contributing to heightened market volatility. 🤔 The incident raises questions about a potential market peak, with analysts divided on whether this is merely a short-term adjustment or the beginning of a larger correction.