As reported by Bijié Wǎng, Bitcoin is currently trading near 87,000 USD after a sharp decline from its 126,000 USD all-time high, facing a critical test at the 80,000 USD support level. Market panic has driven the price down, fueled by the Fed's hawkish policy, a 3.5 billion USD outflow from institutional ETFs, and over 2 billion USD in liquidations. Analysts remain divided on whether this marks a historical bottom or the start of a bear market. A break below 80,000 USD could push Bitcoin further down to the 69,000–62,000 USD support zone.
Bitcoin Price Faces 80K Support Test Amid Market Panic and 200M in Liquidations
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