$1.5 Billion Liquidations and Fed’s Cautious Stance Trigger Bitc

In the past few hours, Bitcoin’s decline was mainly driven by massive leveraged position liquidations and the Federal Reserve’s cautious comments on future rate cuts. This drop has been triggered by these factors, and it remains uncertain how far it will continue. We now have to watch whether the $112K and then $110K support levels can hold and prevent further downside.