Bitcoin Price Falls Below $80K After $6.3B Binance Hack

Crypto Insight Summary: TLDR Bitcoin price dropped roughly 2% to around $78,420 as the market reacted to Binance’s $6.3 billion security breach. Crypto liquidations reached $1.54 billion over 24 hours, with long positions accounting for approximately $1.3 billion. Binance said about $3 billion in affected assets had been frozen and pledged to cover losses through its SAFU fund […] Crypto Insight Analysis: Direction: Bearish BTC Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: A $6.3B Binance hack triggered $1.54B liquidations and broad risk-off pressure, weighing on BTC.