The post Will Bitcoin Fall Below $80K Today as Crypto Bulls See $1.7B Liquidations appeared on BitcoinEthereumNews.com. Bitcoin extended its November collapse on Friday, sliding below $85,000 for the first time since April as a cascade of leveraged liquidations and collapsing sentiment deepened what is shaping up to be the worst monthly drawdown since the 2022 crypto winter. BTC briefly touched $81,600 before stabilizing near $84,000, erasing its year-to-date gains and putting the market back into levels last seen before January’s ETF boom. Across major tokens, the damage is spreading quickly. Ether dropped below $2,750, down almost 14% in the past week. Solana slid over 10% in 24 hours, while XRP, BNB and Cardano all posted declines between 8-15%. In total, majors have retraced 20-35% rom their November highs, with smaller caps faring far worse. The sell-off coincides with nearly $2 billion in liquidations over the past 24 hours, CoinGlass data show. Bitcoin accounted for $964 million of that total, followed by ether at $407 million and a broad wave of forced unwinds across altcoins. Roughly 396,000 traders were liquidated, with the single largest wipeout — a $36.7 million BTC position — occurring on Hyperliquid. (CoinGlass) Conditions outside crypto are doing little to help. Global stocks have posted their worst week in seven months as doubts over extended AI-driven valuations and the Federal Reserve’s December rate-cut odds weigh on sentiment. The MSCI All Country World Index has fallen more than 3 percent this week, while U.S. tech shares remain under pressure. Treasuries caught a bid, a classic sign of capital fleeing risk. Crypto-specific flows continue to worsen. U.S.-listed bitcoin ETFs saw more than $900 million in net outflows on Thursday, their second-worst day since launching in early 2024. Open interest in perpetual futures has fallen 35% since October’s peak near $94 billion, further reducing liquidity across the board. Retail sentiment is deteriorating just as quickly. The Crypto… The post Will Bitcoin Fall Below $80K Today as Crypto Bulls See $1.7B Liquidations appeared on BitcoinEthereumNews.com. Bitcoin extended its November collapse on Friday, sliding below $85,000 for the first time since April as a cascade of leveraged liquidations and collapsing sentiment deepened what is shaping up to be the worst monthly drawdown since the 2022 crypto winter. BTC briefly touched $81,600 before stabilizing near $84,000, erasing its year-to-date gains and putting the market back into levels last seen before January’s ETF boom. Across major tokens, the damage is spreading quickly. Ether dropped below $2,750, down almost 14% in the past week. Solana slid over 10% in 24 hours, while XRP, BNB and Cardano all posted declines between 8-15%. In total, majors have retraced 20-35% rom their November highs, with smaller caps faring far worse. The sell-off coincides with nearly $2 billion in liquidations over the past 24 hours, CoinGlass data show. Bitcoin accounted for $964 million of that total, followed by ether at $407 million and a broad wave of forced unwinds across altcoins. Roughly 396,000 traders were liquidated, with the single largest wipeout — a $36.7 million BTC position — occurring on Hyperliquid. (CoinGlass) Conditions outside crypto are doing little to help. Global stocks have posted their worst week in seven months as doubts over extended AI-driven valuations and the Federal Reserve’s December rate-cut odds weigh on sentiment. The MSCI All Country World Index has fallen more than 3 percent this week, while U.S. tech shares remain under pressure. Treasuries caught a bid, a classic sign of capital fleeing risk. Crypto-specific flows continue to worsen. U.S.-listed bitcoin ETFs saw more than $900 million in net outflows on Thursday, their second-worst day since launching in early 2024. Open interest in perpetual futures has fallen 35% since October’s peak near $94 billion, further reducing liquidity across the board. Retail sentiment is deteriorating just as quickly. The Crypto…