The crypto market suffered a severe setback this Thursday. Bitcoin plunged to $84,250, triggering massive liquidations exceeding $800 million within 24 hours. Data from Coinglass revealed that the majority of losses impacted long positions, with Bitcoin accounting for over $332 million in forced liquidations after failing in its attempt to reclaim the $90,000 support level.
As the market moved lower, an unexpected reversal in gold prices occurred. Additionally, the Federal Reserve maintained a restrictive stance, suggesting that rate cuts could be delayed until late 2026. This impact extended to major altcoins such as Ethereum and Solana, while rising tensions between the United States and Iran pushed investors toward short-term cash positions, abandoning risk assets.
In the coming sessions, traders must monitor whether Bitcoin can stabilize above the critical $84,000 level to avoid a deeper correction toward lows not seen since 2025. Market attention will remain focused on trading volume and the evolution of the geopolitical conflict—factors that will determine if this episode of technical fragility turns into a prolonged bearish trend.
Source:https://x.com/TedPillows/status/2016906991281852580
Source:https://coinmarketcap.com/currencies/bitcoin/
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