Bitcoin Falls Slightly Below $123,000 Amid Market Correction

Bitcoin experienced a minor decline of approximately 1% to around $122,500 after reaching a recent high of $126,000, leading to the liquidation of over $659 million in long and short crypto positions within 24 hours. Ethereum and other major altcoins also saw moderate declines, reflecting profit-taking and market volatility. Meanwhile, PancakeSwap surged nearly 15% amid increased meme coin trading activity. The session highlighted active speculative trading, short-term corrections, and selective gains across the cryptocurrency market, underscoring ongoing volatility and investor focus on high-momentum digital assets.