Bitcoin slips below $81K as 55K BTC hits exchanges, $1.1B liquidated

The scale of exchange inflows alongside liquidations points to forced selling rather than discretionary repositioning, which matters because it shifts coins from leveraged hands toward venues better able to absorb them. That distinction shapes whether this reads as a flush or the start of a deeper de-risking. The open question is whether those transferred coins get absorbed by longer-horizon buyers or keep pressuring the market.