#LE BITCOIN BELOW $80,000 $ : WHAT HAPPENED THIS WEEKEND.
On Saturday, October 24, the crypto market had a turbulent session. Bitcoin briefly fell to around $79,300 $ before rebounding to around $80,000.
1. A liquidation of leveraged positions
Over 24 hours, around $841 million worth of positions were liquidated, mostly bets on prices going up. Low weekend liquidity amplified the move.
On Sunday, BTC appears to have stabilized around $80,500 $ , according to prediction markets, but this figure is only indicative.