Bitcoin’s price unexpectedly dropped below $100,000 on Jan. 7, sparking massive liquidations across the crypto market. According to Coinglass data, around $206 million worth of crypto positions were liquidated in an hour. Bitcoin fell to $97,207, while altcoins like Ethereum and Solana also lost more than 5%. 📉 US macroeconomic data is cited as the reason behind this sudden drop.