Bitcoin Headed for Another Crash? Over $100 Billion in Liquidations Suggests Trouble Ahead

Bitcoin (BTC), the largest cryptocurrency in the market, was expected to continue its bull run after consolidating its gains. However, on June 14th, just before its daily close, Bitcoin suffered a 3% decline, dropping below $25,000 and reaching as low as $24,700, a price level not seen since mid-March.
In light of these developments and the mounting regulatory pressure from the US Securities and Exchange Commission (SEC) on the nascent industry, many are starting to believe that the recent bull