Bitcoin Price Drops Suddenly: Is a Major Correction Looming?

Bitcoin’s price experienced a significant dip of around 2%, falling to $108,000 on Tuesday afternoon, ahead of the release of crucial US inflation data this week. While market sentiment remains generally optimistic about continued bullish trends above $110,000, experts like legendary trader Peter Brandt, known for his precise predictions, issued a cautionary warning about a potential 75% correction in Bitcoin’s value. 24-hour liquidation signals played a role in this price movement as the market saw a large amount of long positions (bets on increasing prices) being liquidated within the last few hours.