Bitcoin experienced significant price volatility at the start of the week, rejected at $84,000 on Monday before dropping over $3,000, then recovering to around $83,500 by Tuesday. The asset hit an 18-day low of $80,400 last Friday but registered a higher low at $80,850 during Tuesday’s dip. These substantial price swings generated $810 million in daily liquidations, with longs accounting for approximately 85%, affecting 173,611 traders according to CoinGlass data. The largest single liquidated position on Binance exceeded $9.6 million. Ethereum and XRP followed a similar trajectory, with lows at $2,410 and $1.31 respectively before rebounding.
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