🔔 🚨Bitcoin Slips Below $85K — Liquidation Wave Hits Hard📉
Bitcoin dropped to around $84,425, breaking a key support level and triggering a major liquidation cascade across the crypto market.
Key highlights:
• 📉 Over 217,000 traders liquidated in the past 24 hours
• 💸 Total liquidations: ~$850 million
• 🔥 Largest single liquidation: ~$31.64M BTC-USD position on Hyperliquid
• 📊 Majority of liquidations were long positions, indicating excessive bullish leverage
Why it happened:
• BTC lost critical support near $85K
• High leverage across futures markets amplified the move
• Broader risk-off sentiment and thin liquidity accelerated forced selling
What it means:
• Volatility likely remains high in the short term
• Leverage has been flushed, which can sometimes stabilize price after the shakeout
• Key downside zones to watch next: $82K–$80K, while bulls need to reclaim $85K–$88K
#USIranStandoff #GoldOnTheRise #btc #Liquidations #DumpandDump $BTC
