Bitcoin fell below $81,000, hitting an intraday low near $80,000, a 3% drop over the past 24 hours amid a cryptocurrency market sell-off. This decline triggered $1.16 billion in liquidations in the crypto derivatives market over the past 24 hours, with long positions accounting for $1 billion. Ethereum suffered the largest liquidation losses, approximately $324 million, falling below $2,500 with a 4% drop in 24 hours. Other major digital assets such as Solana and XRP also experienced declines. Additionally, short-term holders transferred over 50,000 Bitcoin to exchanges within 24 hours, with approximately 29,500 of these transfers being at a loss, indicating deteriorating market sentiment.