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$BTC Erases Post-Election Gains Amid $2.7B Liquidation Event
Bitcoin has fallen below the $80,000 level, wiping out all gains recorded following the Trump election rally, according to Wintermute data.
The sharp move triggered approximately $2.7 billion in liquidations, marking one of the largest deleveraging events in recent months. The breakdown below key psychological support suggests heightened volatility as leveraged positions were flushed from the market.
Market participants are now closely watching whether BTC can reclaim the $80K level or if further downside pressure will emerge in the near term.
Stay tuned for further updates.
#gate