Bitcoin late longs wiped out as sub-$110K BTC price calls grow louder

Bitcoin leveraged positions grew over the past 24 hours, and many of these late longs have been wiped out as the BTC price dropped below $112,000.

Key takeaways:

Bitcoin price is down 11% from its all-time high, dropping to $111,000 on Monday.

$108,000 is a short-term target for the bears, with some BTC analysts predicting a drop to $95,000.

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