Wintermute: BTC drops below $80,000, triggering $2.55 billion in liquidations

According to a report by Bijie Network: Bijie Network reported, citing a tweet from Wu Blockchain: Wintermute analysis indicates that bitcoin falling below $80,000 triggered $2.55 billions in liquidations over the weekend, marking the tenth largest liquidation event in history. The driving factors include disappointing earnings reports from tech giants, rumors regarding the nomination of the Federal Reserve Chair, and a sharp correction in the precious metals market. Current market volatility stems from macroeconomic uncertainty, but with stronger infrastructure and sustained institutional interest, a relatively swift recovery is expected after the second half of 2026.