Bitcoin falls below $82,000 as crypto liquidations top $770 million

The lopsided split toward long liquidations shows this was a leverage flush rather than a broad repricing of crypto's fundamentals — forced closures, not fresh conviction selling. That distinction matters for how quickly the market can stabilize: when crowded bullish positioning is cleared out, the immediate pressure often eases, but it also leaves thinner demand behind. The open question is whether this deleveraging exhausts itself or signals a deeper shift in positioning, since derivatives-driven moves can overshoot in both directions.