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

CoinDesk Japan reports excessive leverage led to significant sell-offs, driving Bitcoin's price below the $108,000 mark.

BTC

Summary

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Terms & Concepts
  • Liquidation: The forced closure of leveraged trading positions when required margin levels are not maintained, often leading to asset sell-offs.
  • Leverage: The use of borrowed funds to amplify potential returns in trading, which also increases the risk of losses.
  • Bitcoin: A decentralized digital currency operating on a blockchain, often referred to as the first and largest cryptocurrency.