Bitcoin plunged to $105,000 in a sudden flash crash, triggering liquidations worth $3.3 billion across leveraged futures positions, before rebounding above $114,000 amid renewed dip-buying. The extreme volatility mirrored broader risk-off sentiment spilling over from global equity markets. Analysts said large-scale liquidations and algorithmic trading likely amplified the move, while resilient spot demand and institutional inflows helped stabilize prices, highlighting Bitcoin’s role as both a speculative and macro-sensitive asset.