Bitcoin Price Trades Near $80K as Schiff Sees $75K as Next Level
BTC when published $80,668Now $80,577 ▼ −0.11% since it was published
Bitcoin price fell below $80,000 on Saturday, extending a volatile decline that pushed the market into support. Reported intraday lows ranged from $79,146 to $79,263, while a later price reading showed BTC near $80,300. Peter Schiff said $75,000 could become the next significant level if buyers fail to defend support. At the same time, leveraged liquidations accelerated the selloff, with long positions accounting for most crypto-wide forced closures. U.S. spot Bitcoin ETFs had also posted two consecutive days of outflows. ETF investors cannot sell U.S.-listed shares over the weekend, even as Bitcoin trades, and must wait until Monday to respond. CoinGlass recorded $239.65 million in Bitcoin liquidations over 24 hours. Long positions made up $234 million, or 93.1%, while shorts accounted for $16.65 million.
First reported by Blockonomi. This page is a short excerpt; the full text is theirs.
