Bitcoin Rebounds to $83,281 Following $810 Million Crypto Liquidation Wave

Bitcoin traded near $83,281 on Tuesday after recovering from an intraday low of $80,850. The bounce followed a sharp derivatives washout, with 24-hour liquidations topping $810 million, predominantly hitting long positions. Pressure mounted on Monday after Bitcoin failed to sustain momentum above $84,000, sliding as rising crude prices—Brent touched $107.25 per barrel—stoked inflation fears amid Middle East tensions and strikes on Ukrainian energy infrastructure. The drop triggered widespread altcoin losses and ETF outflows, though on-chain data showed large whale entities accumulated over 16,000 BTC during the pullback.