Bitcoin slips under $80,300 support as Ali Martinez flags leverage risk

Bitcoin rallied from below $75,000 after last week's FOMC meeting to nearly $83,000 on May 6, then pulled back by more than $3,000. Analyst Ali Martinez says BTC is now trading below $80,300, a level he describes as a key support tied to the average cost basis of new whales from the past 155 days. He also warned that futures leverage has climbed to its highest level in almost a year, raising the risk of liquidation-driven volatility.