Bitcoin Craters 10% To $82,000 As $2B Liquidations Hit Ethereum, XRP, Dogecoin

Bitcoin has plunged around 10% to $82,000 over the past 24 hours, pushing liquidations to around $2 billion.

Spot ETFs saw heavy outflows on Thursday, with $903.1 million exiting Bitcoin funds and another $261.6 million flowing out of Ethereum products.

Bitcoin To Witness Sizeable Correction

Glassnode data shows Bitcoin’s realized losses have surged to levels last seen during the FTX collapse, driven largely by short-term holders capitulating.

This rapid spike suggests a widespread washout of weak hands as traders unwind recent positions.

Crypto chart analyst Ali Martinez highlighted that Bitcoin’s weekly SuperTrend, historically reliable in spotting major reversals, …

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