Bitcoin defies $800 million crypto wipeout as South Korea’s AI stock market crashes
Summary
Bitcoin climbed back above $83,000 after briefly falling below $81,000, even as Asian equities sold off sharply and South Korea’s KOSPI plunged amid losses in Samsung and SK Hynix. Crypto liquidations totaled $812.9 million in 24 hours, mostly from leveraged long positions; Bitcoin accounted for $192.14 million. Analysts said Bitcoin’s rebound was aided partly by short liquidations, while negative net taker volume signaled continued aggressive selling and limited buyer demand. The recovery remains vulnerable to further equity-market weakness and positioning ahead of the US inflation report.
