Bitcoin dropped below $106,000 in early European hours Friday as leveraged traders once again faced heavy losses, with nearly$1.2 billion in crypto positions wiped out over the past 24 hours. Data shows that most of the damage came from long positions, reflecting how aggressively traders had positioned for a bounce earlier in the week. According to CoinGlass, almost 79% of total liquidations were long trades, affecting more than 307,000 accounts. The largest single hit was a $20.4 million ETH-USD long o ...