Bitcoin continued to slide Wednesday, dipping below $83,000 amid a marketwide pullback that dragged several high-cap altcoins down by 4% or more.
The top cryptocurrency fell to an intraday low of $82,734, erasing gains recorded earlier in the month. Despite forced long liquidations, open interest remained steady, a signal of aggressive new short positioning by traders.
$81,300 is now identified as the critical level.