Bitcoin: Falls Below $80,000 With $140M Longs Liquidated
@BullTheoryio reports Bitcoin falling below $80,000 and Ethereum below $2,300, triggering over $140 million in long liquidations within the last 60 minutes.
SourceAnalysis
Bitcoin fell below $80,000 while Ethereum dropped under $2,300, with more than $140 million in long positions liquidated in the past hour according to @BullTheoryio.
Price at $79,224.82 sits inside the Bollinger Bands and tests the lower band support at $79,126.91. The EMA50 at $80,935.87 and EMA200 at $81,665.74 now function as overhead resistance in a bearish structure. MACD at -118.59 prints a death cross while RSI at 40.72 remains neutral, indicating downside momentum has not yet reached oversold territory and further pressure toward the lower band remains the path of least resistance.
Bull Theory
@BullTheoryioResearch, Trades, onchain plays and all other crypto stuff simplified.Publishes institutional-grade cryptocurrency research and blockchain market intelligence. Delivers in-depth analysis of on-chain metrics, tokenomics, and decentralized finance (DeFi) ecosystems. Features proprietary data models, investment thesis breakdowns, and macro-level crypto trend forecasts. Provides strategic insights for sophisticated investors navigating digital asset markets. Maintains rigorous methodology in fundamental and technical analysis across crypto assets.