Bitcoin Price Slides Towards $81K: Liquidations Exceed $2 Billion

Bitcoin’s price continues a downward trend, currently hovering around $84,000. A sharp drop below $82,000 on Binance triggered a wave of liquidations across various exchanges, totaling over $2 billion in the past 24 hours, according to Coinglass data. These liquidations are concentrated in long positions, with over $1 billion liquidated within the last hour alone, accelerating the market’s decline.