Bitcoin drops to $81K, wiping out over $380M in longs as US government enters partial shutdown
Crypto Briefing
Bitcoin fell below $81,000, liquidating over $380 million in long positions amid a US partial government shutdown.Summary
Bitcoin dropped below $81,000 on Saturday morning, extending weekly losses to 9% and continuing a 35% decline from its October 2025 peak of $126,200. This drop resulted in the liquidation of over $380 million in long positions in the preceding hour. The market downturn is attributed to macroeconomic headwinds, including the start of a partial US government shutdown and trade worries stemming from a new 50% tariff on Canada. Investor caution is also fueled by the Federal Reserve's decision to pause interest rate cuts and institutional sentiment weakening, evidenced by $1.5 billion in outflows from US-listed spot Bitcoin ETFs last week, including a record single-day loss for BlackRock's IBIT.
(Source：Crypto Briefing)