Bitcoin alert! – Should BTC traders brace for $82K in a market reset?

• The volatility on the 21st of June pushed the price of Bitcoin below $102.5k.
• The metrics showed that a deeper retracement was likely, especially if the $100k support was lost.

Bitcoin’s [BTC] long dominance surged 10% in a week, but the news last night of the U.S. bombing Iran’s nuclear sites saw market sentiment plummet.

The geopolitical jolt triggered panic across crypto markets, and BTC dropped to $100,809 at press time.

Naturally, the pullback activated a cluster of liquidation levels below $ 103K, triggering a long liquidation cascade, causing short-term holders to capitulate.

The recent news saw $127.3 million in long liquidations over the past 24 hours, and could worsen in the coming days.

Here’s what Bitcoin traders and investors need to know.