Bitcoin Drops Below $82,000 as Tech Sell-Off Spurs $455 Million in Liquidations

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Bitcoin fell below $82,000 on Friday, briefly dropping to $81,200, as US-Iran geopolitical tensions and a technology stock sell-off triggered nearly $455 million in leveraged liquidations. The decline coincided with the S&P 500 falling 1.3% and the Nasdaq dropping 2.3%, pressuring risk assets. Despite the correction, US spot Bitcoin ETFs attracted $524.8 million in inflows on Wednesday, with three-day inflows reaching roughly $1.07 billion. Analysts identified $83,700 as key resistance and $79,700 as support, while traders monitor the Federal Reserve's October 28 meeting. Bitcoin's computing power hit a seven-month high, and December rate hike odds stand above 85%.


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