Crypto Tsunami: Over $400M Liquidated as Bitcoin Falls Below $108K amid Fed’s Surprise Hawkish Signal

1-Line Investor Summary (Copy-Ready):

The global crypto market cap plunged roughly 3–3.5% today to about $3.69 trillion.
Bitcoin slid to around $107,000, dragging major altcoins such as Ethereum down ~4.5%.
Over $395 million in leveraged crypto positions were liquidated within the last 24 hours.
The sharp drop was triggered partly by the Federal Reserve hinting that further interest-rate cuts might not be automatic — boosting the US dollar and weakening risk assets.
Institutional flows turned negative: Spot Bitcoin ETFs logged outflows, signalling profit-taking and caution among larger players.
Altcoins are under heavier fire than Bitcoin — some currencies like XRP dropped ~4.7%, and technical indicators show “sell” or “strong sell” across many charts.
Key technical level to watch: if Bitcoin breaks support around ~$98,000 (or ~$106,000 depending on source), the correction could deepen.

Forecast Note:

The market appears to be in a consolidation and risk-off phase rather than a full collapse. If Bitcoin can hold above ~$105,000 and the dollar eases, there’s a chance for a rebound toward ~$110–$115K. If not, the slide could extend toward ~$90,000 or lower in the next few weeks.