Bitcoin slips below $81,500 as $80,000 support test looms
- —Crypto liquidations hit $160 million in 24 hours, with longs accounting for $112 million
- —Brent crude rose to $111.32 a barrel, a five-month high
- —BTC resistance sits at $84,261, the estimated cost basis for spot ETF holders
- —Bitcoin's 20-day correlation with the Nasdaq-100 stands at 0.78
Why it matters: Holding $80,000 will decide whether BTC keeps ranging or triggers a fresh long-liquidation cascade ahead of the Fed decision.
Source: Invezz