#Bitcoin❗ Slips Below $88K as Liquidations Spike
Bitcoin dipped below $88,000, falling about 1.3% after briefly touching $89,500, and the move quickly triggered a wave of liquidations. Around $130 million was wiped out across the market, with $60 million in BTC longs liquidated in just 30 minutes as cascading sell pressure kicked in.
Traders are pointing to growing macro uncertainty, including renewed tariff threats and concerns around a possible U.S. government shutdown, and heavy selling pressure from Bitcoin spot ETFs, which recorded about $1.7 billion in outflows over five days.
Meanwhile, gold and silver have reclaimed the top spots among global assets by market cap, pushing Bitcoin down to 8th place at roughly $1.76 trillion. With a volatile week ahead featuring Fed decisions and Big Tech earnings, market participants are bracing for more sharp moves.
Is this just another leverage reset or a signal that risk appetite is shifting for now?