Bitcoin Drops Below $80K — $335M in Liquidations
Bitcoin fell sharply below $80,000 alongside a broad tech stock selloff, triggering $335M in crypto liquidations over 24 hours. Analysts are split between calling a bottom and expecting weeks more of chop.
What we know
An account on X broke the news of BTC falling below $80K with $335M in liquidations. Another account on X confirmed ~$15M in longs flushed with spot selling through Binance/OKX and shorts being added. Another account on X advised against hail-mary altcoin plays, expecting 1–2 months of chop. Another account on X posted a terse 'ok bottom' suggesting a local low may be in. Another account on X charted a wave analysis prediction for a BTC Christmas rally despite the current drop.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.