Bitcoin Plunges Below 108,000 Triggering 242 Million Dollars Long Liquidation

[Victornomics]

Bitcoin just slipped below 108,000, wiping out over 242 million in long positions in just a few hours. It’s been a rough start to the week, with the price dropping about 3% in the last 24 hours.

Many traders are calling this move a round of profit-taking, especially as worries over U.S.–China trade tensions and broader economic uncertainty grow.

Right now, the crypto community is split some think Bitcoin could test the 100K level next, while others believe this dip might just be a quick shakeout before a rebound.

Either way, all eyes are on BTC’s next move.