In this video: The next big move on bitcoin explained. We discuss with trader Charlie Burton the recent pullback on bitcoin and whether it is still likely for bitcoin to take out the highs of 2026. We explain. Video by Alessio Rastani.
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Bitcoin (BTC) is trading around $80,300 staging a minor recovery after a sharp intraday plunge to a multi-month low of $75,728.70 earlier today. The market is experiencing heightened volatility due to leveraged liquidations and macroeconomic jitters
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Bitcoin Insights Today
• Political & Election Uncertainty: Market jitters stem from U.S. election counting delays and unexpected shifts in Congressional races.
• Derivatives Liquidations: Over $366 million in long-heavy positions were wiped out during the morning drop.
• Institutional Selling: Accelerated sell-offs from institutional players amplified downward pressure.
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