📉 Yesterday, $BTC dropped toward $80K amid rumors that 12,267 #Bitcoin linked to U.S. government wallets had been sold. However, the coins were reportedly transferred to new, unlabeled addresses rather than sold.
The sharp move triggered liquidations on both sides, catching many traders off guard.
🔍 What's next for BTC?
From a technical perspective, much of the downside liquidity may have been swept. If momentum shifts, liquidity above the market could become the next target, potentially triggering a short squeeze.
Bitcoin Falls 3% in a Week as Selling Pressure Intensifies
📉 $BTC drops 3% to $82,832, retreating from around $86.7K to a low near $80.4K before recovering.
With $36.7B in 24-hour trading volume and $66.2B in open interest, traders are watching key levels: can BTC reclaim $84K, or will it revisit $80K support?