Bitcoin at $80,000: a pivotal weekend as market crash fears mount
- —Longs accounted for $91.19 million of $95.22 million in liquidations during a four-hour selloff
- —Corporate bitcoin holders paid an average of about $80,000 per coin
- —US spot bitcoin ETFs lost $322 million on Oct. 22
- —Next supports sit at $77,876 and the $76,700–72,500 zone
Why it matters: Holding $80,000 will determine whether corporate positions survive and whether a new selling wave hits before the US midterms.
Source: BeInCrypto DE