Bitcoin drops below $110K, liquidating over $1 billion in crypto
On Monday, Bitcoin experienced a significant decline, dropping over 3% and falling below the $110,000 threshold for the first time since early July, hitting a low of $109,450. This downturn triggered substantial liquidations, totaling over $880 million within a 24-hour period, as reported by CoinGlass. Among these liquidations, approximately $300 million came from Ethereum (ETH) long positions and $180 million from Bitcoin (BTC) long positions. The price drop wiped out