Bitcoin slips below $81,000 as over $1 billion in long positions are liquidated
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Bitcoin fell to $80,350 on Bitstamp, its lowest since Sept. 18, before recovering to around $82,500, after the US government moved more than 12,000 previously confiscated BTC, which traders feared could signal a sale. Short-term holders sent about 55,000 BTC to exchanges at a loss, and CoinGlass data shows $1.09 billion in crypto liquidations in the 24 hours to 10 am UTC Friday, the largest daily tally since Aug. 21. Long positions accounted for $1.05 billion. Analyst Rekt Capital says Bitcoin is failing its retest of roughly $82,500 and that a weekly close below that level would turn it into resistance.
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