Top Reasons Behind the Bitcoin Price Crash Below $80K

Highlights Bitcoin price crashes below $80,000 as leveraged long liquidations surge. Bitcoin ETF withdrawals exceeded $635 million, signaling reduced investor exposure. Fed meeting, midterm elections and Iran tensions increase market uncertainty. Bitcoin price slipped below $80,000 on Saturday, dropping 1.91% over 24 hours to $79,994.97 during the initial decline. The retreat coincided with heavy liquidations, ETF withdrawals and growing uncertainty over US monetary policy and Iran. Losses spread across major tokens as the broader cryptocurrency market also declined during weekend trading.