Bitcoin just plunged nearly 10 percent to around $82,000, triggering more than $2 billion in liquidations across crypto. Spot Bitcoin ETFs saw $903.1M in outflows, with another $261.6M leaving Ethereum products.
Glassnode reports realized losses at levels last seen during the FTX collapse, driven by short-term holders capitulating. Analyst Ali Martinez says Bitcoin’s weekly SuperTrend has flipped bearish, a signal that has historically preceded every major correction for more than a decade.
Ethereum has dropped to $2,650, with resistance at $3,200 and support at $2,580. Solana is sitting on major support. Meme-coins fell nearly 11 percent, even with the new Doge ETF launch.
Full Benzinga article for reference:
benzinga.com/markets/cryptocurrency/25/11/48900604/bitcoin-craters-to-82k-as-2b-liquidations-hit-ethereum-xrp-solana
#btc #crypto #crashing
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