đš 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? âą BTC fell nearly $2,000 in around 20 minutes
âą 101,831 traders were liquidated in the past 24 hours
âą Total liquidations reached approximately $550.65M
âą Around 90.5% of BTC positions liquidated were longs
âą Institutional ETF flows remain mixed, showing cautious sentiment
đŻ Levels to watch: đŽ Resistance: $85K â $87K
đą Key structural support: $79.6K
â ïž 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?
đą BTC reclaims $85K
đŽ BTC drops toward $80K
đ„ 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? âą BTC fell nearly $2,000 in around 20 minutes
âą 101,831 traders were liquidated in the past 24 hours
âą Total liquidations reached approximately $550.65M
âą Around 90.5% of BTC positions liquidated were longs
âą Institutional ETF flows remain mixed, showing cautious sentiment
đŻ Levels to watch: đŽ Resistance: $85K â $87K
đą Key structural support: $79.6K
â ïž 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?
đą BTC reclaims $85K
đŽ BTC drops toward $80K
đ„ BTC surprises with a move back toward $87K
$BTC
đ$GRIFFAIN
$GTC
