Key facts: Bitcoin Plummets 10% to $102K; Saylor Holds $71.71B in BTC
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- Bitcoin (BTC) dropped over 10% in 24 hours amid rising geopolitical tensions after a US tariff announcement on China, driven by high leverage and liquidation of long positions.1
- Bitcoin fell sharply from over $125,000 to below $102,000 after hitting a record high on October 6, reflecting a market correction to liquidate bullish positions.2
- Michael Saylor holds 640,031 BTC, worth about $71.71 billion, despite a recent market drop that resulted in nearly $20 billion in liquidations across crypto.3