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Christian Encila

Bitcoin Drops To Just Above $82,000 As $1.70 Billion In Positions Are Liquidated

Bitcoin fell sharply this week in early US trading, sliding to slightly above $82,000 and triggering a wave of forced position closures. Data from Coinglass show about 270,000 accounts were liquidated across exchanges in the past day, with nearly $1.70 billion in contracts wiped out, mostly from traders positioned for further price gains. The selloff unfolded amid geopolitical tension, weaker tech earnings and renewed risk aversion across wider markets.