Bitcoin fell approximately $6,000 within hours, declining from over $91,000 to around $85,000 on Binance. The drop triggered more than $650 million in liquidations, a 390% increase from the previous 24-hour period. Total cryptocurrency market capitalization decreased to $3 trillion, according to CoinGecko.

Bitcoin dropped below $82,000 on Binance during early European trading Friday, trading near $84,000 at press time. The decline triggered extensive liquidations totaling $2 billion across exchanges over 24 hours, according to Coinglass. Long positions approaching $1 billion were liquidated within a single hour as selling pressure accelerated.