Markets· ★★★· bearish·

Bitcoin slips to $81,100 as short-squeeze rally fades

  • —BTC fell to $81,100, down 4.3% in 24 hours
  • —Tuesday's rally reached $84,327, with an intraday high of $84,739
  • —The move was driven by short liquidations rather than fresh demand
Why it matters: The pullback shows the rally was fueled by short liquidations rather than new demand, leaving the $81,000 support level exposed.
Source: Coinotag