Bitcoin speculators move 55K BTC to exchanges amid $1.1B liquidations
Summary
Bitcoin fell to $80,350, its lowest price since September 18, before recovering to about $82,500. The decline drove $1.09 billion in crypto liquidations over 24 hours, including $1.05 billion in long positions. The sell-off followed reports that the US government moved more than 12,000 previously seized BTC. Onchain data showed short-term holders transferred 55,600 BTC to exchanges at a loss, a larger amount than during Bitcoin’s June drop below $60,000. Analysts said a weekly close below roughly $82,500 could weaken the bullish outlook; loss-driven selling may also signal short-term capitulation, though transfers do not necessarily mean all coins were sold.
