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Bitcoin News Today: Bitcoin Approaches $80K Threshold: $2B in Long Positions at Risk of Liquidity Chain Reaction

Bitcoin News Today: Bitcoin Approaches $80K Threshold: $2B in Long Positions at Risk of Liquidity Chain Reaction

Bitget-RWA2025/11/22 14:58
By:Bitget-RWA

- Bitcoin nears $80,000 support level with $2B in leveraged longs at risk of liquidation amid 30% price drop since October highs. - ETF outflows accelerate as BlackRock's IBIT records $523M single-day redemption, with total crypto ETF assets falling 28% to $122.29B. - Technical indicators show bearish "death cross" and oversold RSI, while 396,000 traders lost positions in 24 hours as leverage amplifies volatility. - Fed rate-cut odds drop to 46% and geopolitical tensions worsen sentiment, though institutio

The risk of forced liquidations in Bitcoin has sharply increased, with almost $2 billion in leveraged long bets at risk of being wiped out if the cryptocurrency dips below $80,000,

. The leading digital currency has shed close to 30% of its value since its all-time high in October, as both institutional and retail interest has faded due to changing macroeconomic conditions and technical setbacks.

The recent downturn has been intensified by significant withdrawals from

spot ETFs, which saw over $3 billion pulled out just in November. BlackRock’s (IBIT), the largest among these funds, experienced a record $523 million in outflows on November 19, marking the fifth straight day of redemptions as investors hurried to reduce their risk. , the total net assets of Bitcoin ETFs have fallen to $122.29 billion from a high of $170 billion in early October, highlighting declining trust in the sector. ETFs have also endured ongoing outflows, with $74 million withdrawn on Tuesday alone, heightening worries of a sustained bearish market.

Technical signals are painting a bleak outlook. Bitcoin has struggled to maintain levels above $91,000, and a “death cross” has emerged as the 50-day exponential moving average (EMA) dropped below the 200-day EMA—a pattern often seen as bearish. The Relative Strength Index (RSI) has slipped into oversold territory, indicating growing downward pressure. Experts caution that falling below $80,000 could set off a wave of forced liquidations,

during the flash crash on October 10.

Bitcoin News Today: Bitcoin Approaches $80K Threshold: $2B in Long Positions at Risk of Liquidity Chain Reaction image 0
High leverage and volatility have further heightened the dangers. within a single day as Bitcoin approached $80,000, affecting 396,000 traders and including a $36.7 million loss on Hyperliquid. The introduction of 3x leveraged Bitcoin and Ethereum ETFs in Europe by Leverage Shares has raised additional concerns, as these products could intensify price swings during volatile periods. that Ethereum’s open interest in futures has dropped 7% week-over-week to $6.7 billion, indicating a pullback in speculative trading.

Broader economic factors are also dampening market sentiment. The probability of a Federal Reserve rate cut in December has plunged to 46%, down from 93.7% at the start of October, dashing hopes for a market rebound. Institutional players, often called “smart money,” have increased their short positions by $5.7 million in the last 24 hours, signaling expectations of further declines. Heightened geopolitical tensions, such as the escalating conflict in Eastern Europe, have also contributed to risk aversion, with

in late November following missile strikes in the Russia-Ukraine war.

Despite the current volatility, some market observers maintain that Bitcoin’s long-term outlook remains positive. The scheduled Ethereum Dencun upgrade in early 2026 and ongoing institutional involvement—demonstrated by tokenized funds from UBS and

—may help lay the groundwork for a future recovery. Still, with retail fear gauges at “extreme” levels and ETF outflows persisting, the road to stabilization looks challenging.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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