Price Action: Bitcoin slipped below $84K, tagging lows near $81K, triggering roughly $804M in liquidations during the move.
Technical Snapshot: RSI has dropped to around 31, signaling oversold conditions. MACD remains bearish, while $80K stands out as the key psychological support to watch.
Major Catalysts: Spot BTC ETFs recorded massive net outflows of about $818M, showing clear institutional rotation
• Broader risk-off sentiment driven by a sharp sell-off in tech stocks
• Market volatility increased amid uncertainty around potential shifts in Fed leadership and policy direction
Market Status BTC is currently trading near $82,752, down 2.87% over the last 24 hours and 7.69% on the week.
24h trading volume surged to $74.2B, reflecting intense capitulation and forced selling pressure.
Total crypto liquidations hit approximately $1.68B in 24 hours, with long positions making up over 93% of the wipeout.
Core Drivers A tech-led equity sell-off — highlighted by a sharp decline in major stocks — spilled over into crypto, accelerating downside pressure.
Institutional exhaustion is visible as spot Bitcoin ETFs posted their largest daily outflows, adding mechanical selling into weakness.
Strategy Outlook Immediate support lies in the $79K–$80K zone. Failure to hold this range could open downside toward $74K–$75K.
With RSI sitting in the 31–35 range on the daily timeframe, conditions are deeply oversold, raising the probability of a short-term relief bounce.
Suggested approach: Gradual accumulation in the $79K–$81K area for long-term positioning, with a strict invalidation below $78K.
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