Crypto liquidations hit $1.3B as Bitcoin price nosedives below $104K

Over $1.3 billion was wiped out across the crypto market as traders shifted their focus to $100,000 as the last line of defense for Bitcoin.

Key takeaways:

Bitcoin price is down 17% from its all-time high on Tuesday, dropping under $104,000.

Crypto liquidations totaled $1.3 billion in losses over the past 24 hours.

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