Bitcoin Falls Below $81K as Liquidations Exceed $1 Billion
Bitcoin dropped below $81,000 on Tuesday, triggering liquidations that CryptoSlate pegged at over $1 billion while CryptoPotato reported $480 million in one hour alone. The selloff extended a week-long retreat and was partly attributed to a fresh transfer from the U.S. government.
Written by CoinArticle’s AI Newsroom · from 2 cited sources. How we work
Price Drop and Liquidations
Bitcoin fell to an intraday low near $80,000, trading around $80,744 at the time CryptoSlate reported. The decline represented a 3% loss over the prior 24 hours and roughly 4% over the past week. Liquidations mounted sharply during the selloff: CryptoSlate reported total crypto liquidations exceeding $1 billion, while CryptoPotato cited $480 million in liquidations within a single hour, suggesting the decline was concentrated and volatile.
Liquidation Composition and Catalyst
The majority of liquidations hit long positions—traders who had bet on prices rising. According to CryptoSlate's report, the scale of long liquidations substantially outweighed short closures. CryptoPotato attributed part of the latest leg down to another transfer by the U.S. government, though neither source provided specifics on the transfer amount or timing.
Why It Matters
For Traders
Positions near $81K experienced cascading liquidations; this level may now act as either support or a trigger for further downside if broken decisively.
For Investors
A four-week-long retreat suggests momentum waned after Bitcoin's recent attempt to reclaim prior highs; structural support levels are being tested.
For Builders
Liquidation events of this magnitude strain oracle infrastructure and may expose slippage issues in DEX routing; protocol teams should monitor pricing feeds.
This article is for information only and is not financial advice. Read the full disclaimer.
