Update
Bitcoin Price Below $82K as $406M in Longs Liquidated
Bitcoin's price fell below $82,000 on Monday evening, triggering a significant liquidation event. Over the course of 24 hours, nearly $489 million in leveraged positions were wiped out, with bullish bets accounting for more than 83% of the damage. The majority of the liquidations came from long positions, totaling $406.48 million. The event affected 118,142 traders, with Binance accounting for 52.3% of the total. The largest individual liquidation was a $9.65 million bitcoin long position on Binance, executed at $81,772. This update reflects five overlapping pressures, including institutional withdrawals, elevated Treasury yields, rising oil prices, and geopolitical tensions. The market's struggle to regain momentum between $81,000 and $82,000 has traders questioning whether the latest retreat will remain contained or lead to further liquidations.