Bitcoin came under renewed selling pressure as its price briefly dropped below $77,000, triggering a sharp wave of liquidations across the crypto market.
Around $200 million in long positions were wiped out within an hour as leveraged traders were forced to close their positions.
Similar moves earlier this week saw long liquidations reach roughly $270 million as $BTC slipped below $78,000, showing how quickly leverage can amplify short-term price moves.
Bitcoin had recently pushed above $80,000 after a strong rally, with ETF demand, short covering and broader macro developments supporting the move.
The pullback has now put leverage back in focus, especially around the $77k to $80k range. Bitcoin later recovered toward the $79k to $80k area, keeping the market in a volatile phase as traders watch whether buyers can defend the recent breakout levels.
#Bitcoin Price Prediction: What is Bitcoins next move?# #BTC Price Analysis#
Around $200 million in long positions were wiped out within an hour as leveraged traders were forced to close their positions.
Similar moves earlier this week saw long liquidations reach roughly $270 million as $BTC slipped below $78,000, showing how quickly leverage can amplify short-term price moves.
Bitcoin had recently pushed above $80,000 after a strong rally, with ETF demand, short covering and broader macro developments supporting the move.
The pullback has now put leverage back in focus, especially around the $77k to $80k range. Bitcoin later recovered toward the $79k to $80k area, keeping the market in a volatile phase as traders watch whether buyers can defend the recent breakout levels.
#Bitcoin Price Prediction: What is Bitcoins next move?# #BTC Price Analysis#