๐จ Bitcoin Plunges: $10K Drop in 24 Hours Amid Liquidation Carnage & Fed Drama! ๐จ
BTC tumbled to $81K low (now ~$82K), shedding nearly $10K in a day โ eyeing November's sub-$81K support. If breached, next stop could be $75K tariff low.
Liquidations hit epic: $777M longs wiped in ONE hour, $1.75B over 24hrs per CoinGlass. Ouch! Below $85K signals deeper collapse.
Culprit? Trump's hint at nominating hawkish ex-Fed Kevin Warsh as chair (odds jumped to 87% on Polymarket from 37%). Warsh visited White House; traders dumped bets on dovish BlackRock's Rick Rieder.
Hawkish Fed fears crush risk assets like BTC. Short-term pain, but could be overreaction โ Trump's pro-crypto stance might soften blows. HODL if you're in deep; watch Friday's official nod for rebound cues. Dip buy or wait?
Thoughts, squad? ๐๐ป๐๐ฅ