Bitcoin price $81,568 after $431 million in long liquidations: how to proceed now

Bitcoin stands at $81,568 on Friday morning, around 1.5 percent lower than 24 hours earlier. The trigger did not come from the blockchain but from Wall Street: the Nasdaq closed 2.6 percent lower on Thursday after Tesla cut its spending forecast and doubts about the large investments in data centres returned. Overnight the price slipped to $80,989, and derivatives exchanges forcibly closed leveraged long positions worth several hundred million dollars. On a morning like this, the percentage figure matters less than the question of where your own risk sits.