Bitcoin Falls to $106,876 as Crypto Market Liquidates $990M in Leveraged Positions

Bitcoin dropped 3.8% to $106,876 on Thursday, while the broader cryptocurrency market shed nearly $170 billion in total capitalization. Over $990 million in leveraged positions were liquidated within 24 hours, with long positions accounting for $895 million of the total. The decline occurred despite seemingly favorable macroeconomic signals and progress in U.S.-China trade discussions.