Bitcoin decline after brief stabilization

After a relatively calm trading session on Friday, during which bitcoin traded within a narrow range near 83,000-84,000 dollars, the cryptocurrency market returned to a downward trend over the weekend. The current decline continued the negative momentum that began earlier in the week.

The broader weakening of BTC started on Thursday, when the price failed to hold above the 90,000 dollar level. In the following hours, bitcoin lost approximately 9,000 dollars, reaching what was at the time a two-month low near 81,000 dollars.

Short term rebound and broader market pressure

On Friday, the market saw a brief recovery attempt. Bitcoin price temporarily climbed to the 84,000 dollar level, but the move proved short lived and did not change the overall downward trend.

During the same period, other markets also came under significant pressure. Silver declined by approximately 40 percent, while gold fell by 16 percent. As a result, the combined market capitalization of precious metals dropped by around 7 billion dollars in a single day.

New lows and altcoin declines

In the latest hours, selling pressure in the cryptocurrency market intensified. Bitcoin price slipped below the 81,000 dollar mark, recording its lowest level since November 21.

The negative trend extended across the altcoin market. Ethereum declined by approximately 7 percent over the past 24 hours, approaching the 2,500 dollar level. BNB and XRP also posted losses in the range of 5 to 6 percent over the same period.

Rising liquidations in the derivatives market

Sharp price movements led to a significant increase in liquidations across the cryptocurrency derivatives market. Over the past 24 hours, total liquidation volume approached 1 billion dollars, with more than 850 million dollars coming from long positions.

According to CoinGlass data, the total number of liquidated traders rose to approximately 240,000.

The largest single liquidation was recorded on the Hyperliquid platform and exceeded 13 million dollars. Notably, the position involved Ethereum, which showed one of the weakest performances over the past day.

💸💲🧠 Get up to 5020 USDT as a welcome bonus and an additional 1025 USDT by using this referral on  Bybit