Bitcoin slides below $88K, triggering $135M in crypto long liquidations in the past hour — TradingView News
Bitcoin dropped under $88,000 on Sunday, erasing around $135 million in crypto longs in the past hour amid renewed selling pressure across digital asset markets.
The decline comes after Bitcoin retreated from a weekly high above $92,000 reached on January 19. The leading crypto asset traded at $87,743 at press time, down 1.5% on the day and nearly 8% over the past week, per CoinGecko .
Market sentiment has turned fearful, with the Fear & Greed Index registering a score of 25.
Technical analysts point to a false breakout of the $95,938 resistance level as a catalyst for the current downtrend. Without reversal signals, Bitcoin may test support at $86,561, with some forecasts suggesting a potential slide toward $80,000.
The global crypto…
