Bitcoin Whipsaws as Crypto Liquidations Near $1 Billion
Summary
Bitcoin briefly fell below $80,000 amid a broad crypto selloff, then recovered to around $82,000. Nearly $948 million in leveraged positions were liquidated over 24 hours, mostly long bets, as hotter-than-expected inflation data and rising oil prices unsettled markets. Ethereum and XRP fell about 5%, while most top-100 tokens also declined. Analysts described the move as part of a broader retreat from risk and identified $80,000 as a key support level. Bitcoin’s recovery may depend on sustained ETF inflows, reduced selling by long-term holders and a less restrictive interest-rate outlook.
