Bitcoin (BTC) experienced significant price drops following the latest Federal Reserve interest rate cut. Traders are facing heavy losses, with over $1 billion in long liquidations recorded within 24 hours. The sharp decline is raising concerns about a potential market correction, potentially dropping BTC prices by as much as 30%. Despite positive sentiments surrounding DeFi and increasing institutional investment, the recent price action highlights the volatility of the cryptocurrency market. Experts are watching key price levels closely: $107,000, which has served as support, and others around $103,000 and $116,000. A potential reversal in the stock market could further impact Bitcoin prices.