Bitcoin $81k: The Last Line of Defense? 🚨

Bitcoin recently dipped below $82,513 in the last 24 hours, marking a significant 7% decline. This move liquidated over $750 million in long positions, representing the largest liquidation event for bullish traders since November. The $81k level is now emerging as a critical support.

🗓️ This recent downturn follows a challenging period for Bitcoin. It is on track to close its fourth consecutive red month, with notable losses of 5% in January, 3.99% in December, 17% in November, and 4% in October.

📊 Adding to the concerns, Bitcoin has now fallen below its 2-year moving average. This is a significant technical breakdown, often viewed as a key indicator for long-term market strength.