[Opinion: Bitcoin Seen as Wall Street's Ultimate Risk Barometer] Odaily Planet Daily News – Bitcoin came under pressure again on Monday, proving that its weak recovery last week is difficult to sustain. Over $1 billion in forced liquidations occurred in the crypto market within 24 hours. The decline began overnight on Sunday, triggered by tensions from yen arbitrage trading, and continued into Monday's U.S. stock trading session, sparking liquidations in the crypto market and raising new concerns about Bitcoin reserve companies selling off. As of Monday afternoon, Bitcoin had fallen more than 7% within 24 hours, with its trading price dropping back below $85,000, effectively erasing its slight recovery since November 2. Bitcoin has dropped nearly 32% from its all-time high of $126,080 on October 6. Investment analyst and Coin Bureau co-founder Nic Puckrin stated that Bitcoin might be "one of the assets most susceptible to risk-off catalysts." Puckrin pointed out that the recent lack of buying demand from ETFs and crypto reserve companies has exacerbated the market's liquidity shortage. He believes the key level Bitcoin needs to watch is $82,000, a price widely regarded as the average cost basis for many ETF investors and Bitcoin reserve companies. (axios)