Bitcoin pulls back to as low as $81,000 as horrendous day continues
CoinDesk
Bitcoin plummeted to $81,000, losing nearly $10,000 in 24 hours, liquidating over $1.75 billion in long positions.Summary
Bitcoin (BTC) experienced a significant decline, falling to as low as $81,000, marking a nearly $10,000 loss over the preceding 24 hours and threatening its November low. This sharp drop led to the liquidation of over $777 million in leveraged crypto long positions in one hour, totaling $1.75 billion over 24 hours. The broader crypto market also fell, with Ether hovering around $2,700. Analysts suggest that if Bitcoin breaks below $85,000, a further collapse toward the $70,000 support level could occur. The market reaction may be linked to comments from President Trump regarding the Federal Reserve Chair nomination, causing Polymarket betting odds to surge for Kevin Warsh over Rick Rieder.
(Source：CoinDesk)