The cryptocurrency market faces a sharp shock over the past 24 hours, marked by heavy selling and widespread liquidations. Bitcoin falls below $82,000, extending a rapid decline that accelerates volatility across major digital assets.
Leverage-driven pressure intensifies the move. Within a single hour, roughly $750 million in long margin positions are forcibly closed as prices slide, triggering cascading liquidations across exchanges. The rapid unwind highlights the market’s sensitivity to abrupt price swings and thinning liquidity.
Total liquidations across the crypto market reach about $1.75 billion over the day, underscoring the scale of the selloff. Analysts note that such episodes typically reflect excessive leverage and fragile sentiment, raising the risk of continued short-term volatility as traders reassess exposure.
