Bitcoin fell below the level of 106 thousand dollars.

Bitcoin's Decline and Liquidations

Bitcoin has plunged below the 106,000 dollar level, leading to significant losses for leveraged traders. A total of 1.2 billion dollars worth of cryptocurrency positions were liquidated. Almost %79 of these liquidations were from long positions. The largest single loss was a 20.4 million dollar liquidation between Ethereum and US Dollar.

The decline was influenced by global economic tensions. In particular, the ongoing tensions between the United States and China, as well as currency fluctuations, were decisive factors during this process.