Key Notes

Bitcoin price dropped sharply to a daily low of $109,427 after losing $114K EMA support.

The $107K support zone has emerged as a critical lifeline for a potential rebound.

Over $411 million liquidated in 24 hours, with longs taking the biggest hit.

Bitcoin BTC $108 442 24h volatility: 4.3% Market cap: $2.16 T Vol. 24h: $47.03 B witnessed a sharp decline in the past 24 hours, dropping below the crucial $110,000 level.

After briefly touching a daily high of $113,000 , the cryptocurrency slid to $111,000 before plunging further to a low of $109,427.28.

The 3% drop resulted in Bitcoin losing support at both the 20-day and 50-day Exponential Moving Averages (EMAs), which had been positioned around $114,000.

The sudden decline has left traders que

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