Bitcoin fell to about $80,698 on Oct. 24, below its 50-day moving average near $81,784. The source says it had closed below that average on Friday for the first time since August.
Coinglass-tracked liquidations across crypto totaled $495.74 million over 24 hours; $318 million came from long positions. Analyst Benjamin Cowen described a possible deeper slide tied to several conditions, including a weekly close below $83,000 and upcoming economic releases. He said that scenario would be void if bitcoin rose back above $83,000 and held there.
