Bitcoin Plummets to $81K, Resulting in $1.7 Billion in Liquidations

Bitcoin's drop to $81,000 raises alarm as $1.7 billion in long positions are liquidated amidst global uncertainties and earnings reports.

Bitcoin experienced a significant downturn, dropping to $81,000, marking its lowest point in nine months. This decline has been attributed to rising geopolitical tensions, potential tariff disputes, and worries surrounding technology sector earnings, which have left traders feeling anxious.

The market turmoil ignited a wave of liquidations, with an astounding $1.7 billion in long positions being wiped out as investors reacted to the shifting economic landscape.