Bitcoin falls below $82,000 as $771 million in crypto positions are liquidated

Bitcoin experienced a sharp decline overnight, briefly dropping under $82,000 before rebounding toward $83,200, as a significant liquidation event shook cryptocurrency markets in anticipation of the upcoming U.S. inflation report. On Binance, Bitcoin touched a 24-hour low of $80,962.52, while other exchanges reported slightly higher figures. Despite a partial recovery above $83,000, the market’s response highlighted its ongoing sensitivity to large volumes of forced selling. Total crypto liquidations over the past day reached approximately $771 million, with $685.6 million coming from long positions.

Source: CoinTurk News