đ¨ Bitcoin Under Pressure: $550M+ Liquidated as BTC Slips Below $84.5K
Bitcoin ($BTC ) is facing renewed selling pressure after failing to break above the $87,000 resistance and dropping below the key $85,000 level.
đ Whatâs happening? ⢠BTC fell nearly $2,000 in around 20 minutes
⢠101,831 traders were liquidated in the past 24 hours
⢠Total liquidations reached approximately $550.65M
⢠Around 90.5% of BTC positions liquidated were longs
⢠Institutional ETF flows remain mixed, showing cautious sentiment
đŻ Levels to watch: đ´ Resistance: $85K â $87K
đ˘ Key structural support: $79.6K
â ď¸ A sustained move below $85K could keep sellers in control.
The bigger question: Is this simply a leverage flush before another BTC bounce, or the start of a deeper correction? đ
What do you think happens next?
đ˘ BTC reclaims $85K
đ´ BTC drops toward $80K
đĽ BTC surprises with a move back toward $87K
$BTC
đ$GRIFFAIN
$GTC
Bitcoin ($BTC ) is facing renewed selling pressure after failing to break above the $87,000 resistance and dropping below the key $85,000 level.
đ Whatâs happening? ⢠BTC fell nearly $2,000 in around 20 minutes
⢠101,831 traders were liquidated in the past 24 hours
⢠Total liquidations reached approximately $550.65M
⢠Around 90.5% of BTC positions liquidated were longs
⢠Institutional ETF flows remain mixed, showing cautious sentiment
đŻ Levels to watch: đ´ Resistance: $85K â $87K
đ˘ Key structural support: $79.6K
â ď¸ A sustained move below $85K could keep sellers in control.
The bigger question: Is this simply a leverage flush before another BTC bounce, or the start of a deeper correction? đ
What do you think happens next?
đ˘ BTC reclaims $85K
đ´ BTC drops toward $80K
đĽ BTC surprises with a move back toward $87K
$BTC
đ$GRIFFAIN
$GTC
