🚨 BITCOIN FALLS BELOW $83K — $714M CRYPTO LIQUIDATIONS HIT
Bitcoin came under heavy selling pressure as leveraged positions were wiped out across the crypto market.
🔑 Key Points
• BTC intraday low: $82,776
• BTC fell about 3.2%
• $714.47M in crypto positions liquidated
• 124,276 traders were liquidated
• Crypto market cap fell by $100B+ to ~$2.9T
• ETH dropped around 6% to ~$2,568
• Largest single liquidation: $26.64M ETHUSDC position on Binance
📊 Market Insight
Bitcoin’s rejection near $87K has triggered another wave of forced selling. Rising oil prices and higher U.S. Treasury yields are also pressuring broader risk assets.
⚠️ Key Level to Watch: $83K
A sustained break below this area could keep short-term volatility elevated, while a recovery above the recent rejection zone would improve market sentiment.
🪙 Assets to Watch: BTC • ETH • XRP
#Bitcoin #BTC #Ethereum #xrp #CryptoMarket $BTC $ETH $XRP
Bitcoin came under heavy selling pressure as leveraged positions were wiped out across the crypto market.
🔑 Key Points
• BTC intraday low: $82,776
• BTC fell about 3.2%
• $714.47M in crypto positions liquidated
• 124,276 traders were liquidated
• Crypto market cap fell by $100B+ to ~$2.9T
• ETH dropped around 6% to ~$2,568
• Largest single liquidation: $26.64M ETHUSDC position on Binance
📊 Market Insight
Bitcoin’s rejection near $87K has triggered another wave of forced selling. Rising oil prices and higher U.S. Treasury yields are also pressuring broader risk assets.
⚠️ Key Level to Watch: $83K
A sustained break below this area could keep short-term volatility elevated, while a recovery above the recent rejection zone would improve market sentiment.
🪙 Assets to Watch: BTC • ETH • XRP
#Bitcoin #BTC #Ethereum #xrp #CryptoMarket $BTC $ETH $XRP