🚨 $BTC briefly breaks below $80K as $800M+ in crypto liquidations hit over the weekend. Bitcoin dipped under $80,000 amid thin weekend liquidity, wiping out mostly long positions (CoinGlass data). It has recovered toward ~$80.5K, but pressure remains ahead of the Fed’s Oct 27-28 meeting amid elevated oil prices and macro uncertainty. Leverage is still fragile — a hawkish hold or hike signal could accelerate downside, while any dovish tone might spark a sharp bounce. Will $BTC defend $80K into FOMC, or is more deleveraging coming? #NK10 #Bitcoin #Crypto #BTC
NK10Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.