Bitcoin Price Drops $106K Amid $800M Crypto Liquidation Wave

The cryptocurrency market experienced significant volatility as Bitcoin's price declined by $106,000, triggering massive liquidations totaling $800 million. This substantial market movement affected numerous bullish positions across major crypto exchanges, highlighting the extreme leverage and risk present in current market conditions. BTC's sharp correction demonstrates the ongoing price sensitivity in digital asset markets, with traders facing considerable losses from forced position closures during this rapid downward movement.