Bitcoin
Why Bitcoin is down 3.1% today
Analysis
Bitcoin fell 3.1% over the past 24 hours as a liquidation-driven slide kept BTC below $80,000, pressuring price after leveraged positions were forced out, per CoinDesk. The broader crypto sell-off and weak/negative ETF flow backdrop also weighed on sentiment as BTC traded into the mid-$70,000s range, according to Bitcoin Magazine.
Contributing Factors (3)
Bitcoin holds below $80,000 as January prediction contracts miss liquidation-driven slide: Asia Morning Briefing
Options markets signaled rising tail risk as liquidations mounted, but January prediction odds adjusted slowly as bitcoin volatility unfolded.
Bitcoin Price Crashes to $75,000 Range As Broader Crypto Market Sells-Off
Bitcoin Magazine Bitcoin Price Crashes to $75,000 Range As Broader Crypto Market Sells-Off The bitcoin price crashed into the $75,000 range, breaking below key technical support levels as heavy sellin...
Retail traders are running for the exit amid bitcoin's selloff, while 'mega-whales' are quietly buying the dip
Glassnode data shows large bitcoin holders accumulating, while retail remains in distribution.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.