Bitcoin sees ‘pure manipulation’ as US sell-off liquidates $200M in an hour
Bitcoin dropped below $87,000 following a Wall Street sell-off that liquidated over $200 million in long positions within an hour.Summary
Bitcoin experienced a sharp decline below $87,000 following the opening of US traditional finance markets, leading to the liquidation of approximately $200 million in BTC long positions in just over an hour. Market commentators attributed the rapid drop, which saw BTC hit a low of $86,625, to a 'massive liquidity hunt' and 'pure manipulation,' with some sources pointing to selling pressure from Binance and Wintermute. Despite the immediate bearish pressure, some analysts predict a potential bounce around $84,000 before further downside to $76,000, while others remain optimistic for a test of $100K–$105K after the current range resolves. Concurrently, Strategy announced it purchased another 10,645 BTC at an average price of $92,098, an action that some observers felt was overshadowed by the immediate market dump.
(Source：Cointelegraph)