WS #15575
Bitcoin has plunged to the $81,000 level, triggering a massive $1.17 billion liquidation of leveraged positions. The move reflects a broader risk-off sentiment in crypto markets, driven by the equity selloff and a lack of clear bullish catalysts. While the long-term trend remains intact, the short-term volatility suggests that the market is deleveraging after recent gains, with key support levels being tested. Traders are now watching the $80,000 psychological barrier for further downside or stabilization.
Crypto Leverage Flush
Bitcoin has plunged to the $81,000 level, triggering a massive $1.17 billion liquidation of leveraged positions. The move reflects a broader risk-off sentiment in crypto markets, driven by the equity selloff and a lack of clear bullish catalysts. While the long-term trend remains intact, the short-term volatility suggests that the market is deleveraging after recent gains, with key support levels being tested. Traders are now watching the $80,000 psychological barrier for further downside or stabilization.