Bitcoin fell 3.4% to $81,387 on Thursday night as about $441 million in crypto positions were wiped out in one day. Traders are now watching whether $80,000 holds as support — and whether Bitcoin ETF flows keep draining.
Key points:
- Bitcoin slid below $81,500 to $81,387, down 3.4% in 24 hours, pulling the broader crypto market down 3%.
- Crypto liquidations hit $441 million in a single day, with nearly $397 million in long positions flushed out.
- The Nasdaq fell 2.6% in its worst session since June on AI-spending fears — and the sell-off spread to Asian stocks Friday morning.
Bitcoin dropped under $82,000 on Thursday night and kept falling, trading at $81,387 as of 9:30 p.m. ET, according to The Block's price data. The pain spread across the whole market: Ethereum lost 3.5% to $2,388, XRP slid 3.8% and Zcash declined 7.7%.
The trigger came from Wall Street. The Nasdaq Composite closed down 2.6% on Thursday — its worst day since June — as weak tech earnings and worries over AI spending hit big names: Meta slipped nearly 7%, Micron dropped 6.3%, Nvidia fell 4.4% and AMD lost 8.1%. The S&P 500 also had its worst day since July, down 1.2%. "Crypto is trading as a high-beta tech position," said Rick Maeda of Laevitas, pointing to AI financing fears around Meta as the main driver.
Read also: Bitcoin Surges to $84,600 on SpaceX Beat — Is $85K Next?
The damage was fast and deep. CoinGlass data shows $441 million in crypto liquidations over 24 hours — almost $397 million of them long positions caught on the wrong side. And the sell-off did not stop at America's closing bell: it spread to Asian equities on Friday morning, with South Korea's Kospi down 2.3% and Japan's Nikkei 225 off 1.6%.
What happens next?
Analysts say Bitcoin is under macro pressure. Dominick John of Zeus Research told The Block that weak tech earnings, rising geopolitical tensions and the ongoing U.S.-Iran dispute are pushing investors into a defensive stance. Traders are now watching three things: whether $80,000 holds as support, whether ETF inflows keep coming back, and whether any more equity or oil volatility extends the pullback. One more data point arrives Friday — the S&P Global Flash U.S. Manufacturing PMI, which could move expectations for interest-rate cuts.
Read also: Ethereum ETF Outflows Hit $1.08 Billion — Worst Month of 2026?
— Crypto News Daily News Desk
This post is news only, not financial advice. Always do your own research before buying or selling crypto.
Sources: The Block
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