In the past few hours, Bitcoin has dropped below $80,000 amid another wave of liquidations as January comes to a rather volatile close. Analysts at Kobeissi note there have been three notable liquidation events in the past 12 hours, resulting in a combined loss of $1.3 billion.
Such developments, coupled with a very fearful market after last week’s price slump, have pushed Bitcoin below a key price level. According to the renowned market expert Burak Kesmeci, Bitcoin’s behavior towards this $80,000 price zone holds significant consequences for the market trajectory.
Bitcoin Slips Under ETF Realized Price As Downside Risk Grows
In a recent X post, Burak Kesmeci outlines the technical and on-chain importance of the $80,000 price level to the Bitcoin market. Before Bitcoin’s recent breakdown below $80,000, the asset had twice retested this zone following the correction phase that began in early October 2025.
Each successful rebound from these retests reinforced $80,000
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