Bitcoin falls below $82,000 as crypto liquidations top $770 million
Bitcoin slipped 2.8% to $81,382, pulling Ethereum down 4.6% to $2,425 and Zcash 10.4% to $1,149. Over the past 24 hours crypto markets saw $771 million in liquidations, of which $685.6 million were long positions. Analysts linked the sell‑off to higher U.S. Treasury yields, a strong dollar, spot‑ETF outflows and a sharp drop in South Korea’s equity market.
Why it matters
The surge in liquidations signals heightened margin risk for leveraged traders and suggests weakening institutional demand, as spot Bitcoin ETFs recorded $681.1 million of net outflows last week. The price decline also pressures crypto‑linked portfolios and could trigger further downside if margin calls intensify.
Key facts
- 1Bitcoin fell 2.8% to $81,382 over the past 24 hours. theblock.co
- 2Ethereum dropped 4.6% to $2,425 in the same period. theblock.co
- 3Zcash fell 10.4% to $1,149, the steepest loss among the top‑10 cryptocurrencies. theblock.co
- 4Crypto liquidations totalled $771 million in the last 24 hours, including $685.6 million in long positions. theblock.co
- 5Approximately 89% of the $771 million liquidated were long positions. koinbulteni.com
- 6Spot Bitcoin ETFs in the U.S. recorded net outflows of $681.1 million last week, the worst since late June. theblock.co
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.