Bitcoin Dropped $1,200 in One Hour. $70M Longs Were Liquidated. $BTC sold from the mid-$78,000s to $76,936 in about 60 minutes. That $1,200 decline stopped out around $70 million of leveraged longs. $78,000 broke first. $77,000 followed with almost no bounce. This was a sharp selloff. Price lost the rebound, longs were forced out, and the index printed $76,936. On about 20 million coins, a $1,200 move takes close to $24 billion off Bitcoin’s market cap. $70 million in liquidations is modest versus a full washout. It is still enough to accelerate the move when liquidity is light. mid-$78,000s: session high area $78,000: first handle lost $77,000: second handle lost $76,936: low after $70M longs were stopped out That matters because $78,000 did not hold. Until that level is reclaimed, this reads as a breakdown, not a dip that already reset. A move back through $78,000 would stabilize the session. It would not, by itself, put $80,000 back in play. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# $BTC $XRP