According to TheMarketPeriodical, Bitcoin price fell toward $82,000 on Thursday after heavy long liquidations shocked the market and wiped out more than $1.9 billion in 24 hours. Traders monitored the sharp breakdown as liquidation clusters vanished below spot, creating what several analysts called a 'final capitulation' zone. The daily Relative Strength Index reached deeply oversold levels, and some traders described the move as coordinated pressure designed to flush overleveraged long positions. Analysts warned Bitcoin must reclaim $88K to avoid deeper downside risk. Fresh liquidity formed ahead of a potential short squeeze, with $1.78 billion in long liquidations reported over 24 hours. The weekly SuperTrend indicator flipped bearish, aligning with a multimonth descending channel. Bitcoin has traded inside the structure since early October, forming lower highs and lower lows.
Bitcoin Price Slides Toward $82K Amid $1.9B Long Liquidations
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