Key Takeaways
- Bitcoin’s price dropped to $82,000, causing nearly $2 billion in leveraged liquidations.
- Sharp ETF outflows and a risk-off sentiment led to forced liquidations across the crypto market.
Bitcoin’s price plummeted to $82,000 in the early hours of Friday, leading to almost $2 billion in leveraged liquidations across the crypto market in the past 24 hours.
The drop occurred after a volatile week for Bitcoin, which had previously hit a record high of around $126,199. The sharp decline was influenced by heavy ETF outflows and a risk-off sentiment, causing extensive forced liquidations predominantly impacting long positions.
Source: https://cryptobriefing.com/bitcoin-leveraged-liquidations-triggered/