$BTC Bitcoin plunged from $126,000 to as low as $102,000, in what analysts described as a “needle-like wick” — a violent, short-term liquidation spike that terrified traders and wiped out billions in long positions.
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🧩 Key Factors Behind the Crash
1. Massive Liquidations
When BTC broke below major support near $110K–$112K, leveraged long positions were force-liquidated across exchanges.
→ Estimated over $1.1B in liquidations within hours.
2. Profit-Taking at the Top
After Bitcoin’s sharp rally to new highs around $126K, whales and funds took profits. This triggered sell pressure right as li