Bitcoin slipped below $81,000 early Saturday after testing the $90,000 level midweek, before reversing and hitting a two-month low. The retreat spread across major assets, with Ethereum approaching $2,500 and other key altcoins down roughly 5–6%. A Friday bounce to about $84,000 proved short-lived as the downturn deepened.
Across the broader market, nearly $7 billion in forced liquidations occurred in a single day, underscoring a risk-off shift. The day’s largest single-position loss hit the Hyperliquid exchange, wiping out more than $13 million from an ETH-based position (KRW-equivalent around 188 billion won). The combined impact dragged silver down about 40% and gold nearly 16%, highlighting the breadth of sell-off and eroded market value by roughly $7 billion. About 240,000 traders were affected by the volatility.
Ethereum was among the weakest performers, hovering near $2,500 as BTC failed to clear the $90,000 level. The overall liquidity crunch left ETH exposed while other major tokens, including BNB and XRP, declined around 5–6%. The crowd remains cautious about a potential near-term rebound, with sentiment subdued after the failed breakout above $90,000.
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