Bitcoin Falls Below $81,000 and Ether Slides to $2,400 as $500 Million in Positions Wiped Out

Bitcoin has slipped under the $81,000 mark, extending a pullback that has pushed the price toward the lower edge of its recent trading range. Ether followed the move lower and dropped to around $2,400, showing that the selling pressure is hitting the broader crypto market and not just the largest coin.

Crypto Liquidations Hit $500 Million in Two Hours

About $500 million in leveraged positions were liquidated within just two hours and only Binance , Bybit , OKX, positions of $375.7M , a sign that the sharp move forced many traders out of their bets. Fast liquidation waves like this often add to downward momentum, since forced selling pushes prices lower and can trigger further closures.

What Traders Are Watching Next

The drop puts attention on the $80,000 level, a key support zone that traders have been tracking in recent sessions. A hold above it could draw in buyers, while a clean break may open the door to deeper losses. Macro factors such as rising Treasury yields and a hawkish Fed outlook remain in focus.