Bitcoin slides to $83,795 as $412M liquidated in an hour, 88% longs
- —24-hour liquidations hit $554.99M, with longs at $486.96M (87.7%)
- —$412.59M liquidated in the past hour — 74% of the daily total
- —ETH liquidations: $176.71M, including $166.2M in longs
- —BTC liquidations: $145.24M, including $131.74M in longs
Why it matters: The long squeeze deepens pressure on BTC and ETH and could accelerate a drop toward the $80,000 support.
Source: Blockmedia