South Korea · Bitcoin · Samsung · CryptoSlate
Bitcoin defies $800 million crypto wipeout as South Korea’s AI stock market collapses
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Bitcoin rebounded above $83,000 on Tuesday despite a sharp Asian stock selloff, as cryptocurrency liquidations exceeded $800 million.
Key facts
- BTC recovered after briefly slipping below $81,000, while semiconductor shares continued a deepening rout that sent South Korea's benchmark KOSPI index down 6%
- According to CoinGlass data, cryptocurrency liquidations reached $812.9 million over 24 hours, affecting 170,209 traders
- Bitcoin rebounded above $83,000 on Tuesday despite a sharp Asian stock selloff, as cryptocurrency liquidations exceeded $800 million
- Ethereum followed with $180.5 million, while Solana saw $60.85 million in liquidations
Summary
01 Bitcoin rebounded above $83,000 despite a sharp Asian stock selloff that sent South Korea's KOSPI down 5.5%. 02 Crypto liquidations reached $813 million, with bullish traders accounting for nearly 85% of the losses. 03 Negative Net Taker Volume raises doubts about Bitcoin's recovery as aggressive sellers retain control. BTC recovered after briefly slipping below $81,000, while semiconductor shares continued a deepening rout that sent South Korea's benchmark KOSPI index down 6%.