Bitcoin slides 2% as low liquidity erodes weekend gains above $80,000

Bitcoin (BTC) slipped 2% on Monday, moving back under the $80,000 level after a weekend rally that saw the cryptocurrency close above $80,000 for the first time since early May.

Low‑liquidity environment trims upside

With US markets closed for the Labor Day holiday, order books were thin, increasing the likelihood of rapid price moves. Data from CoinGlass indicated that liquidations over the previous 24 hours were evenly split between long and short positions, totaling $178 million across the crypto market.

Liquidity clusters and short‑term targets

Liquidity deepened later in the day, forming concentration zones around $80,500 and $78,800, which acted as nearby support and resistance levels.

Traders await US inflation data

QCP Capital noted a decline in overall volatility and highlighted upcoming US inflation reports on Thursday and Friday as potential catalysts that could shape market expectations for Federal Reserve rate decisions.

Bitcoin’s resilience amid macro pressure

Bitget’s chief analyst, Ryan Lee, observed that Bitcoin held most of its recent gains despite a surprise rise in US non‑farm payrolls, suggesting the asset can absorb macro‑driven repricing without immediate downside pressure.

ETF inflows keep attention on spot Bitcoin

US spot Bitcoin ETFs recorded $730 million in net inflows on Thursday, the largest single‑day total since January, keeping the sector in focus.