Bitcoin Price Dips Toward $81K, Liquidations Approach $2 Billion

Bitcoin’s price continues to drop, trading around $84,000 at the time of this writing. It dipped below $82,000 on Binance moments ago, triggering a wave of liquidated leveraged positions across exchanges. Source: TradingView Data from Coinglass shows that the total value of liquidated positions has reached $2 billion over the past 24 hours. Source: CoinGlass As you can see, liquidated long positions approached $1 billion in the past hour alone, intensified by the fresh sell-off that pushed the market further down. As CryptoPotato reported , the latest decline also means that the average spot BTC ETF investor is currently underwater. After all, the asset lost more than $20,000 in the past 10 days, having traded at around $107K on November 11th. If you’re wondering why Bitcoin’s price is down today, ETF outflows reached a whopping $903 billion today, according to data from Farside. On the flipside, the ongoing crash is also prompting many whales to buy the dip. There’s a notable market divergence, with flows shifting from dumping to accumulation by larger wallets, though the price action remains hectic. The post Bitcoin Price Dips Toward $81K, Liquidations Approach $2 Billion appeared first on CryptoPotato .