Bitcoin Dumps Below $80K as Daily Liquidations Hit $670M
- —BTC hit $79,750, breaking below $80,000 for the second time in ten days
- —Daily liquidations reached $670 million, with $220 million in longs
- —Over 213,000 traders were liquidated; the largest single position on Binance was nearly $12 million
- —ETH fell below $2,350, SOL below $100, ZEC -7.5%, NEAR -10%
Why it matters: Losing the $80,000 level raises the risk of cascading liquidations and a test of lower support.
Source: CryptoPotato