Bitcoin has dropped sharply again, slipping below 81,000 minutes ago after a brief period of calm price action on Friday. The asset had been trading sideways between 83,000 and 84,000 while precious metals suffered heavy losses, but selling pressure returned strongly on Saturday.
The broader decline began on Thursday when Bitcoin failed to break above 90,000. Within hours, it fell by roughly 9,000 dollars to 81,000, marking a two month low at the time.
A short lived recovery on Friday pushed BTC back to 84,000, though this now appears to have been a temporary bounce. During the same period, gold and silver experienced steep drops of 16 percent and 40 percent, wiping out around 7 billion dollars in combined market value in a single day.
Selling intensified again over the past few hours, sending Bitcoin just below 81,000. This is its lowest level since November 21.
Alternative cryptocurrencies are also under heavy pressure. Ethereum has fallen seven percent in the last 24 hours and is sliding toward 2,500. BNB and XRP are down between five and six percent over the same period.
As a result, liquidations have surged, nearing 1 billion dollars in the past day alone. Long positions account for more than 850 million dollars of that total, while the number of liquidated traders has climbed to around 240,000, according to CoinGlass data.
The largest single liquidation occurred on Hyperliquid and exceeded 13 million dollars. Notably, it involved Ethereum, which ranks among the weakest performers over the last day.
