Bitcoin’s $10 billion liquidation wave reveals why the AI boom is hurting crypto

BTC

BTC/USDT

$84,222.66

-0.09%

$84,222.66

-0.09%

(24s)

24h Volume

$15,183,101,686.58

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.2%

Long: 58.2%Short: 41.8%

Funding Rate

+0.0001%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,056.77

▼ -0.05%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,123.41

Price$84,056.77

Support 1$84,021.79

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):64.1

CryptoSlate Editorial

(01:45 PM UTC)

1 min read

Verified byEmily Watson

0 comments

Bitcoin’s drop toward $60,000 last week exposed how quickly a shift in investor appetite can turn into forced selling when leverage has been rebuilt beneath the surface of the crypto market.

The largest cryptocurrency by market value fell nearly 14% last week, triggering almost $10 billion in liquidations of long futures as traders who had bet on higher prices were pushed out of the market.

Bitcoin…