Worldwide Market Meltdown Sees Bitcoin Break $85K as Traders Scramble
Markets puked into the US cash open on Thursday, triggering a sharp rout across risk assets as Bitcoin sliced through $85,000 and gold rolled over. At 09:30 EST the tape flipped in a way traders describe as visceral—the moment you stop hunting for narratives and start double‑checking how much margin you’ve really got. The drop is a piece of a broader, roughly trillion‑dollar global sell‑off that drained liquidity and forced rapid repositioning across equities, commodities and crypto.
The immediate significance is heightened liquidation risk for leveraged positions and tighter liquidity in order books, which can amplify intraday moves in BTC and other tokens. Market participants will be watching support levels, funding rates, and institutional flows to gauge whether buyers step in or deleveraging persists. For traders and platforms, the event underlines the need to monitor margin exposure and short‑term cash needs as volatility spikes.