Crypto market pullback triggers $900 million in leveraged liquidations, analysts point to further downside risks

BRN research director Timothy Misir believes that the market decline is the liquidation of leveraged funds. If Bitcoin cannot maintain around $110,000, the technical indicators will appear "fragile"; around $103,700 and $100,800 are key price levels, and once lost, it will "endanger the bull market structure"; however, corporate funds and Wall Street have engaged in selective bottom-fishing during market fluctuations.