🚨 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.
📉 What’s happening? • BTC fell nearly $2,000 in around 20 minutes
• 101,831 traders were liquidated in the past 24 hours
• Total liquidations reached approximately $550.65M
• Around 90.5% of BTC positions liquidated were longs
• Institutional ETF flows remain mixed, showing cautious sentiment
🎯 Levels to watch: 🔴 Resistance: $85K → $87K
🟢 Key structural support: $79.6K
⚠️ 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? 👀
What do you think happens next?
🟢 BTC reclaims $85K
🔴 BTC drops toward $80K
🔥 BTC surprises with a move back toward $87K
$BTC
📈$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.
📉 What’s happening? • BTC fell nearly $2,000 in around 20 minutes
• 101,831 traders were liquidated in the past 24 hours
• Total liquidations reached approximately $550.65M
• Around 90.5% of BTC positions liquidated were longs
• Institutional ETF flows remain mixed, showing cautious sentiment
🎯 Levels to watch: 🔴 Resistance: $85K → $87K
🟢 Key structural support: $79.6K
⚠️ 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? 👀
What do you think happens next?
🟢 BTC reclaims $85K
🔴 BTC drops toward $80K
🔥 BTC surprises with a move back toward $87K
$BTC
📈$GRIFFAIN
$GTC
