As the week draws to a close, global markets have seen a clear shift toward risk aversion. This environment triggered rapid liquidations of leveraged positions in the crypto market, with Bitcoin bearing the brunt of the selling pressure and losing nearly $10,000 during U.S. trading hours.
Market data shows that hundreds of millions of dollars in long positions were liquidated within a single hour, while total liquidations over the past 24 hours approached $1.7 billion. The move pushed Bitcoin back toward the technically significant $81,000 level, which is closely watched by market participants.
The sell-off has been driven by growing uncertainty around the next Federal Reserve chair and rising concerns over a possible U.S. government shutdown tied to budget negotiations. Expectations of tighter monetary policy and memories of sharp declines during previous shutdown periods have reinforced cautious sentiment across risk assets.
