🚨JUST IN: Bitcoin breaks below $79,000 — heavy liquidation cascade📉
Bitcoin’s drop under the $79K support triggered a sharp leverage flush, with roughly $650M liquidated in the past 60 minutes, mostly from long positions.
What’s driving the move
• Support breakdown: BTC lost key levels ($84K → $81K → $79K), activating stop-losses and forced liquidations.
• Overleveraged market: High open interest amplified the sell-off as positions were auto-closed.
• Risk-off sentiment: Weak equities, ETF outflows, and macro uncertainty added pressure.
Key levels to watch
• Support: $79K–$80K (critical).
• Below that: $75K becomes the next downside target.
• Relief bounce: Needs a reclaim above ~$82K–$85K.
Bottom line: This is a classic liquidation cascade. Volatility remains high until leverage resets and BTC either holds $80K or finds acceptance lower.
#CZAMAonBinanceSquare #MarketCorrection #MarketCorrection #USGovShutdown #marketcrashed $BTC $SOL $ETH