#PreciousMetalsTurbulence
💢✨️💢 Bitcoin Price Hits 9 Month Low Amid $2.6 Billion Liquidation
Bitcoin price fell below the $80,000 support level, hitting a nine month low and wiping out $2.6 billion in trader positions.
The 6% slide sent the token to $77,082 before a minor rebound. This marked the first time prices have sat this low since April 2025.
Bitcoin Sinks Below Fair Value for First Time in Years
The price action pushed Bitcoin below critical on-chain benchmarks for the first time in years.
Bitcoin fell below its True Market Mean currently $80,500 for the first time in 30 months. The last breach occurred in late 2023, when the asset traded at just $29,000.
Historically, a breach of this level signals a transition from a bull cycle to a mid term bear market.
As a result, BTC holders now face a grim reality as its Short Term Holder Cost Basis has climbed to $95,400, while the Active Investor Mean stands at $87,300.
With the spot price significantly below these averages, the market now faces a substantial overhang of unrealized losses.
This technical breakdown triggered a violent deleveraging event across global derivatives exchanges.
Data from CoinGlass show that the collapse led to the liquidation of roughly $2.58 billion in trader positions.
This massive “long squeeze” shows that participants overleveraged their positions to defend the $80,000 floor, only to be crushed by accelerating downside momentum.
