Bitcoin slides to $81K as $452.9M liquidated in 24 hours, 90% longs
- —24-hour liquidations totaled $452.93 million, with longs at 89.9%
- —$254 million was liquidated in the past 12 hours, over half the daily total
- —ZEC dropped 7% and NEAR 5.14%, while major alts fell about 2%
- —Short liquidation liquidity above $82,500 sits at $19.1 billion versus $9.1 billion in longs below $80,000
Why it matters: A break below $80,000 could trigger a deeper long cascade, while a reclaim of $82,500 may spark a short squeeze.
Source: Blockmedia