Bitcoin Rebounds Then Slips as Korean AI Selloff Hits Markets

Bitcoin (BTC) rebounded above $84,000 after falling below $81,000 Tuesday, but the recovery faded as heavy futures liquidations coincided with a sharp decline in South Korean technology shares. Bitcoin dropped to $80,927.48 before climbing to $83,740 at 3:45 a.m. ET (7:45 a.m. UTC). A later market snapshot placed BTC at $83,229.36. About $814 million in crypto-futures positions were liquidated over the previous 24 hours as of 3:40 a.m. ET (7:40 a.m. UTC). Long positions accounted for approximately $689 million of the total, while shorts made up about $125 million.