Bitcoin Loses $87,000 as $171 Million in BTC Positions Get Liquidated
- —BTC fell to $83,508, losing nearly $2,000 in 30 minutes
- —Bitcoin liquidations totaled $171 million, $131 million of them longs
- —About $583 million was liquidated across the crypto market
- —Bitcoin's market cap dropped from $1.74 trillion to below $1.7 trillion
Why it matters: Whether buyers defend the $80,000–84,000 zone will determine if this is consolidation or the start of a correction.
Source: Cointribune EN