🚨 Bitcoin dumps, leverage gets wiped

BTC dropped sharply to around $81K, breaking short-term support and triggering a wave of liquidations across the market.

In just the last hour, huge positions were wiped out as longs got trapped in the move down. Over the past 24 hours, more than $1.7B has been liquidated, with longs taking the biggest hit again.

This kind of drop usually means the market is cleaning leverage before the next major move.
Weak hands exit, smart money watches.
#CryptoMarketWatch