Bitcoin fell below $82,000, declining 7.54% in 24 hours, while Ethereum dropped 9.01% below $2,800. Liquidations surged with about $778 million wiped out in one hour and a total of $1.74 billion liquidated over the past day. The largest single liquidation was an $80.58 million BTC-USDT position on HTX, signaling strong market volatility and trader distress.