#BTCOutlook This is not the first time this month that Bitcoin's price has wiped out billions of USD for traders. Previously, on December 5, when BTC suddenly dropped below 93,000 USD, more than 300 million USD of traders was wiped out within a few minutes. Most recently, on December 10, another unexpected price drop of Bitcoin also wiped out over 1.7 billion USD in leveraged positions within 24 hours.

In the market, large liquidations often signal a new turning point when prices may reverse due to traders' exaggerated reactions.$BTC