A significant sell-off in the crypto market caused pressure on Bitcoin (BTC) over the weekend and into Monday. Data reveals over $1 billion in forced liquidations occurred within 24 hours, marking a new challenge for the cryptocurrency’s recent attempt to recover from last week’s downturn. Analysts attribute the decline partly to tensions arising from yen arbitrage trading, which continued throughout Monday’s U.S. stock market session. This triggered further liquidations and raised concerns about Bitcoin reserve companies potentially selling off assets, causing the price of Bitcoin to drop over 7% in just a day, below $85,000 and erasing its recent gains since November 2nd. The cryptocurrency has fallen almost 32% from its all-time high of $126,080 on October 6th. Investment analyst Nic Puckrin emphasizes Bitcoin’s vulnerability to market shifts, highlighting the lack of demand from both exchange-traded funds (ETFs) and crypto reserve companies as a contributing factor to the market’s current liquidity shortage. He believes that the key level to watch for BTC is around $82,000, which represents an average cost basis for many ETF investors and Bitcoin reserve companies.