๐จ Bitcoin Crashes Below $86,000 Amid Macro Fear & Derivatives Liquidations
๐Bitcoin tumbled more than 3.7% over the past 24 hours, slipping below $86,000 as risk sentiment in crypto markets weakens sharply. The sell-off was fuelled by macro anxiety ahead of key U.S. economic data, prompting traders to reduce exposure to risky assets.
At the same time, a derivatives cascade wiped out over $169 million in long positions, exacerbating the drop and signaling heightened leverage unwinding.
Technically, Bitcoin has broken through major support levels, with low trading volume limiting rebounds โ although oversold conditions may offer short-term relief.
The Fear & Greed Index shows elevated fear, and markets now watch whether BTC can hold above $80,000 โ a crucial psychological floor.
๐ญ Whatโs your take โ are we in a deeper bearish correction or is this a healthy reset before the next leg up? Drop your thoughts below! ๐
