Bitcoin Falls Below $108K Amid $320M Liquidations as Excess Leverage Gets Flushed Out

Bitcoin's price has experienced a significant drop, falling below $108,000, a decline that coincides with approximately $320 million in liquidations across various trading platforms. This sharp downturn appears to be a result of excessive leverage in the market, as many traders who ventured into highly leveraged positions are being forced to close their trades, leading to a mass liquidation of assets. This situation highlights the volatility of the cryptocurrency market and the potential risks that come with trading on margin. source: https://www.coindesk.com/markets/2025/10/21/bitcoin-falls-below-usd108k-amid-usd320m-liquidations