JUST IN: $1.7 Billion Wiped Out as Bitcoin Tests Sub-$90k Liquidity.

The leverage flush is finally here. In the last 24 hours, over $1.7 billion in positions has been liquidated across the market, dragging Bitcoin down to test the $89,400 support level. The primary trigger was a wave of "risk-off" selling driven by new geopolitical fears regarding U.S.-Greenland tariffs.

This matters because the market is misinterpreting the flows. While ETF investors panic-sold roughly $500 million this week, Strategy (MicroStrategy) used the volatility to execute a massive $2.1 billion Bitcoin purchase. The "smart money" is aggressively absorbing the supply that retail is dumping.

We are seeing a complete reset of funding rates as the speculative froth evaporates. If the $89k level holds, this "fear dip" is simply a high-volume liquidity transfer from leveraged traders to long-term accumulators.

#Bitcoin #Liquidation #MicroStrategy