Crypto liquidations top $2.4 billion as Bitcoin slides to $82.5K
- —Weekly liquidations exceeded $2.4 billion, with 85–93% coming from long positions
- —Bitcoin dropped from $85.7K to $82.5K, touching an intraday low near $80,350
- —Total crypto market cap shed roughly $110 billion within 36 hours
- —Short-term holders sent 55,600 BTC to exchanges at a loss during the decline
Why it matters: Open interest held near $150 billion, pointing to a leverage flush rather than full capitulation; the key zone sits at $81,000–84,000.
Source: Crypto Briefing