Bitcoin's Rollercoaster: From $102K to $90K Amid Market Volatility

Bitcoin's price recently surged past $100,000, reaching an all-time high of $103,600, but quickly dropped to $92,000 due to a wave of liquidations in the futures market. Analyst Axel Adler attributes the sharp decline to high-leverage positions being liquidated as the price surged, causing a cascading effect. While some view this as a healthy market correction, others worry about potential further volatility. The market is now watching to see if Bitcoin can stabilize above $95,000 and potentially retest its all-time high.