Bitcoin falls to $82.5K amid $2.4B long liquidations

Bitcoin dropped from around $85,700 to $82,500 as more than $2.4 billion in crypto positions were liquidated this week, mostly longs. The sell-off coincided with rising Treasury yields, oil above $101, and outflows from US spot Bitcoin ETFs. Total crypto market cap fell about $110 billion in 36 hours, though open interest held near $150 billion.

EXPANDED:

A weekly slide left Bitcoin near $82,500, down from roughly $85,700, after sessions ranged from about $80,350 to $87,350. More than $2.4 billion in crypto positions were closed, with bullish bets absorbing most of the damage. Daily liquidations ran from $696 million to over $1.2 billion, hitting as many as 180,000 traders in some sessions.

The move overlapped with Treasury yields above 5.3%, oil over $101 a barrel, and withdrawals from US spot Bitcoin ETFs. Crypto's total market value fell about $110 billion in 36 hours. Open interest stayed near $150 billion, suggesting forced deleveraging rather than a complete market exit. Short-term holders sent 55,600 BTC to exchanges