Exchanges wipe out $2 billion overnight as Bitcoin breaks to $81k — what today’s pain says about the next move

Bitcoin’s break below $85,000 triggered more than $2 billion in crypto derivatives liquidations within 24 hours as risk assets came under pressure again. BTC briefly approached $85,000 earlier in t...

By · · 1 min read
Exchanges wipe out $2 billion overnight as Bitcoin breaks to $81k — what today’s pain says about the next move

Source: CryptoSlate

Bitcoin’s break below $85,000 triggered more than $2 billion in crypto derivatives liquidations within 24 hours as risk assets came under pressure again. BTC briefly approached $85,000 earlier in the week before bouncing, but momentum for a recovery was minimal as it broke down as low as $81,600 overnight. Bitcoin liquidations hit $2 billion overnight […]