Bitcoin Drops Below $82,000: A $770 Million Liquidation Wave Occurred! Here Are the Details

With Bitcoin falling below $82,000, liquidations in the cryptocurrency market reached $771 million in the last 24 hours. The majority of forcibly closed positions were bullish. The acceleration of sell-offs in the cryptocurrency market led to widespread liquidations of positions by investors using high leverage. Bitcoin fell below the $82,000 level on Monday evening, while significant losses were seen across all major crypto assets. Bitcoin fell from approximately $84,200 to $81,382 during the day, losing 2.8% of its value in the 24-hour period. Ethereum dropped 4.6% to around $2,425, while Solana fell 7.5%, XRP 6.4%, and Zcash 10.4%.