Price Action: BTC has slumped roughly 7% in the last 24 hours, hitting a low near $81,200.
Support Levels: After losing the $85k handle, bulls are now fighting to defend the critical $80,000 psychological floor.
Massive Liquidations: Over $1.68 Billion in leveraged positions were wiped out—93% of those were "longs."
ETF Outflows: Institutional cooling is evident with over $1.1 Billion exiting Bitcoin ETFs this week.
The "Warsh" Effect: Markets are jittery over Kevin Warsh potentially becoming the next Fed Chair, signaling a more "hawkish" (tighter) monetary policy.
Binance Move: In a show of confidence, Binance is converting $1B of its SAFU fund into BTC over the next 30 days.
Macro Pressure: A broader sell-off in Big Tech and uncertainty over a U.S. government shutdown are dragging down all risk assets.
Volume Surge: Trading volume spiked to nearly $50B, confirming that this wasn't just a "glitch"—sellers were out in force.
Sentiment: The "Greed" index has taken a hit as 90 of the top 100 crypto assets are currently trading in the red.
The Bottom Line: We are seeing a classic "washout." Watch the $80k level closely for a potential bounce or a deeper slide.
Would you like me to generate a high-quality visual chart image or a "Fear & Greed" graphic to go along with this post?