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Bitcoin price fell below the $80,000 support level, hitting a nine-month low and wiping out $2.6 billion in trader positions.
According to BeInCrypto data, the 6% slide sent the token to $77,082 before a minor rebound. This marked the first time prices have sat this low since April 2025.
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Bitcoin Sinks Below ‘Fair Value’ for First Time in Years
The price action pushed Bitcoin below critical on-chain benchmarks for the first time in years.
Glassnode data confirmed that Bitcoin…
