Odaily Planet Daily News Bitcoin's long liquidation risk below $85,000 exceeds $1 billion, and large fluctuations may foreshadow 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 and have fallen to the $89,000 level. Shorts are also pulling back below the support level. 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 price level is critical. If BTC falls below this support level, it may trigger further declines." (Cointelegraph)