$900 Million Liquidated as Bitcoin Hits Seven-Week Low

The crypto market has experienced a sharp decline, with Bitcoin falling to a seven-week low. Key points include:

About 200,000 traders were liquidated, totaling over $900 million in losses.
A significant sale of 24,000 BTC triggered the liquidation wave.
Bitcoin briefly dropped below $109,000, its lowest level since July 9.
The total crypto market cap decreased to approximately $3.83 trillion, with nearly $200 billion exiting the market.
Bitcoin has corrected more than 10% from its all-time high of over $124,000 on August 14.
Ether remains more stable, trading near $4,340, with ongoing institutional interest.
Many altcoins, including Solana and Dogecoin, faced greater losses than Bitcoin.
Thin weekend liquidity exacerbated price volatility.
Historically, September has seen notable pullbacks during bull markets.