Odaily News Bitcoin's long liquidation risk exceeds $1 billion below $85,000 as sharp volatility could signal a retest of the $81,000 support level. Bitget Research chief analyst Ryan Lee said that the decline in risk appetite among cryptocurrency investors is the main reason for the current sell-off. Bitcoin prices are fluctuating in a consolidation range, falling to the $89,000 level, and bears are pulling back below support. If the bearish behavior continues, it may test the next support level of around $86,000 and $81,000. Hong Yea, co-founder and CEO of hybrid cryptocurrency exchange GRVT, said: "The $85,000 level is critical-if BTC falls below this support level, it may trigger further declines." (Cointelegraph)