Why Crypto is Down? , Bitcoin Price Today, Ethereum News

Over $120 million was liquidated from the crypto market in the past 60 minutes, highlighting extreme volatility. If Bitcoin drops below $86,000, cumulative long liquidations on major CEXs could surge to $648 million. Conversely, if BTC rises above $88,000, short liquidations may reach $515 million. This liquidation pressure on both sides is causing sharp market movements. Bitcoin is currently hovering near $86,115, making traders nervous as it approaches critical levels that could trigger further cascading liquidations.

Crypto market is crashing today due to weak momentum and resistance at key levels. Bitcoin is stuck around $87,000 with its RSI showing trader indecision. Ethereum dropped below $2,000 after facing rejection at $2,081, with its RSI signaling bearish pressure. Ripple is nearing its 100-day EMA at $2.31, and if it breaks below, it could fall further. Overall, technical indicators show a lack of strong buying, leading to the current pullback across major cryptocurrencies.