Bitcoin falls below $81,000 as exchanges liquidate $400 million longs

1 min

Bitcoin dropped below $81,000, with over $400 million in leveraged long positions liquidated within 60 minutes, as reported by The Kobeissi Letter.

Market move

- Intraday break: Price fell under $81,000.
- Timeframe: Liquidations clustered in a one-hour window.

- Scale: More than $400 million in leveraged long positions forced closed across derivatives venues.

- Conditions: Rapid unwinding of leverage increases short-term volatility and can amplify downside during selloffs.

Authors credited by the source: thekobeissiletter

Published by Holder based on an external source.