Bitcoin slips below $81,000, rebounds toward $82,000 as yen strengthens
- —$435 million liquidated in 24 hours, 88% of it long positions
- —US spot bitcoin ETFs lost $381 million on Thursday
- —Yen strengthened to 156.07 per dollar, highest since September 18
- —BTC is testing its 50-day moving average after losing $82,500 support
Why it matters: A stronger yen unwinds carry trades and pressures risk assets, and without a return of ETF demand a sustained bitcoin rally looks difficult.
Source: Coin Academy