Over the last 24 hours, the cryptocurrency market has faced dramatic liquidation events, with over 361,972 traders losing upwards of $1.17 billion. This turmoil is linked to Bitcoin’s significant price drop of 7%, falling to a low of $95,500. After hitting a historic high of $108,268, Bitcoin has lost approximately 12% of its value in just three days. This volatility raises questions among investors regarding the overall direction of the market and the future resilience of cryptocurrency assets.