Bitcoin Falls Below $108 000 Amid $320 Million in Liquidations

Bitcoin Falls Below $108 000 Amid $320 Million in Liquidations

Crypto markets faced renewed weakness as Bitcoin slipped below $108 000, triggering more than $320 million in leveraged liquidations across exchanges. The broader crypto market dropped about 3.2%, with Ethereum and Solana following suit.

Analysts suggest this correction is a “leverage reset” rather than the start of a full-scale downturn, noting that funding rates and open interest had reached overheated levels earlier in the week. Still, traders remain cautious as volatility and macroeconomic uncertainty continue to weigh on sentiment.