🚨 BTC falls below $85,000, $500 million in long positions liquidated
Bitcoin has fallen below the $85,000 level, triggering the liquidation of around $500 million in long positions.
Notably, OI remains very high while the Coinbase Premium is deeply negative.
👉 Spot selling pressure is quite strong.
Bulls need to reclaim $85,000, or downward momentum could continue to dominate.
Meanwhile, ETH has also broken below a range it had been trading in for 2–3 weeks.
OI is rising sharply, funding has turned negative, but spot selling pressure remains strong.
👉 Both dip-buying longs and shorts are piling into positions.
With leveraged positions elevated in both BTC and ETH, the market could remain highly volatile for the rest of the week.
#btc #bitcoin #ETH #Vitalik
Bitcoin has fallen below the $85,000 level, triggering the liquidation of around $500 million in long positions.
Notably, OI remains very high while the Coinbase Premium is deeply negative.
👉 Spot selling pressure is quite strong.
Bulls need to reclaim $85,000, or downward momentum could continue to dominate.
Meanwhile, ETH has also broken below a range it had been trading in for 2–3 weeks.
OI is rising sharply, funding has turned negative, but spot selling pressure remains strong.
👉 Both dip-buying longs and shorts are piling into positions.
With leveraged positions elevated in both BTC and ETH, the market could remain highly volatile for the rest of the week.
#btc #bitcoin #ETH #Vitalik