👑 Bitcoin (BTC): September Slaughter – Historic Correction Has Begun!

Market Capitalization: ~$2.2 trillion.

Bitcoin falls below $112,000, causing concern in the market, and is now trading around $113,000. But this is not the bottom yet!

Longs in cryptocurrency worth $230 million were liquidated in an hour, and a liquidation of $2 billion is expected if it falls to $108,000.

🟡 The main reasons for the crash are as clear as day: profit-taking after reaching new local highs, macroeconomic factors, and cascades of liquidations in the derivatives market with a high share of borrowed funds.

🟡 On September 26, a record number of options (5 million BTC) will expire, which will cause sharp volatility.