Bitcoin's price is dropping, currently trading at $105,154, after reaching a peak of $106,000. This decline highlights the volatility of the market, leading to significant liquidations. Longs have suffered more losses at $327.81 million compared to shorts at $79.59 million, resulting in over $407 million in lost positions. Ethereum also experienced significant losses, contributing $55.89 million in liquidated positions. Binance and OKX exchanges were the most affected, with Binance losing $11.45 million and OKX losing $5.16 million. Unusual activity in altcoins was also observed. Bitcoin's decline has caused a chain reaction in the market, forcing traders to sell their positions. Buyers are trying to intervene to prevent further declines, but if Bitcoin fails to stay above support levels, more liquidations may occur. Traders should monitor Bitcoin's movement around $100,000 as it could impact investor confidence. Volatility is expected to continue in the market.



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