Investors shocked by Bitcoin plunge... $400 million liquidated in just one hour

Source: DigitalToday Original Title: Shock to Investors as Bitcoin Plummets… $400 million Liquidated in Just One Hour Original Link:

As Bitcoin plummeted, $400 million worth of leveraged positions were liquidated within an hour.

Bitcoin has fallen below $87,000, causing a week's worth of gains to evaporate in an instant.

According to the blockchain media BeInCrypto, Bitcoin experienced a short-term plunge that liquidated $400 million worth of leveraged positions within an hour, and the global cryptocurrency market capitalization decreased by 4%, falling to $3.04 trillion. The market reacted immediately, and the trading volume exceeded $110 billion.

Experts analyzed that the combination of weekend liquidity shortages and record leverage triggered the recent decline. The market analysis firm stated, “This adjustment is due to structural factors and should not be viewed as a fundamental issue.”

There are forecasts in the market that further declines are inevitable if the support level of 80,000 dollars collapses. One analyst warned, “If Bitcoin falls below 80,000 dollars, there is a possibility that it could drop to 48,000 dollars.” Some investors are also sensing a trend of moving towards safe-haven assets like gold and silver.

Bitcoin is currently fluctuating around the $86,000 mark, and the short-term trend is seeking direction near the key support level of $87,000. If strong buying pressure flows in, there is a possibility of a quick recovery, but if the support level weakens, volatility may increase further, raising market caution. Investors are focusing on confirming trends while preparing for sharp price fluctuations in the meantime.