Bitcoin Falls Below $80,000 as Macro Risks and Liquidations Rise
Bitcoin fell from about $84,800 to below $80,000 over the weekend, touching $79,280 before a modest rebound. The sell-off was accompanied by nearly $400 million in Bitcoin and Ethereum leveraged long liquidations over four hours; an earlier report cited about $1.3 billion in liquidations. Together with weak spot demand, the figures point to elevated volatility and fragile support.
Bearish
The immediate price signals are bearish for Bitcoin: it has fallen below $80,000, leveraged long positions have been liquidated, and the latest report shows $442.6 million in weekly outflows from US spot Bitcoin ETFs. Weak US buying, rising retail exchange deposits and reduced whale inflows add to concerns about near-term demand. Traders may respond by reducing leverage or selling into rallies, leaving the $79,800 area and the $78,000–$78,600 zone vulnerable; a break lower could increase downside pressure. The weekly ETF withdrawals were less than 1% of fund assets, while cumulative net inflows remain above $57 billion, so they do not by themselves establish a lasting institutional exit. Over a longer horizon, Bitcoin’s direction will also depend on Federal Reserve policy, interest rates, liquidity and broader risk appetite. Clearer policy signals or renewed demand could stabilize the market, but upcoming central-bank decisions and US data may keep volatility high.