BTC Drops Below $80K as Long Positions Get FlushedBitcoin sold off sharply following stronger-than-expected U.S. labor market data:
🇺🇸 August Nonfarm Payrolls: +162K
Forecast: +55K | Previous: -23K
Unemployment Rate: 4.1%
Forecast: 4.1% | Previous: 4.1%
The move triggered roughly $200 million in long liquidations, while the total crypto market cap lost around $60 billion.
