Bitcoin Holds Near $82,500 as Ledger Theft Reports Test Crypto Rebound
Bitcoin hovered near the $82,500 support level after a drop to $80,350, while crypto markets absorbed more than $1 billion in liquidations and reports of Ledger wallet thefts.
Cointelegraph reported that Bitcoin was trying to hold near $82,500 on Friday after a slide to $80,350 left crypto markets sorting through another round of stress in prices, liquidity and wallet-security confidence.
TradingView data put BTC/USD around the key $82,500 support level, a price area the source identified as important for bulls to reclaim after it had acted as support since mid-September.
The move followed Thursday’s fall to $80,350, when fresh buyer interest appeared even as rolling 24-hour crypto liquidations moved past $1 billion.
CoinGlass order-book figures put the nearest heavier sell interest around $84,000 after spot trading moved through available ask liquidity.
That left the short-term market structure focused on whether buyers could turn the rebound into a cleaner reclaim of the area above current prices rather than only defend the lower end of the range.
The broader market backdrop was less hostile than the prior sell-off.
Wall Street’s opening tone improved Friday, with the Nasdaq Composite among the technology-heavy benchmarks recovering from earlier selling.
CNBC linked that earlier pressure to weaker-than-expected earnings projections from OpenAI, while Vital Knowledge’s Adam Crisafulli warned that positioning imbalances could continue to unwind and make a sharp V-shaped rebound less likely for the AI-linked technology complex.
Crypto markets also had to absorb reports that funds had been stolen from Ledger hardware wallet users.
Ledger acknowledged the claims in an X post and connected them to CryptoBillis, a reseller based in Southeast Asia.
The company advised users who had set up a Ledger device to consider moving assets to a new Ledger signer with a new seed.
The report placed those Ledger claims against a wider wallet-security backdrop.
Coldcard’s July-August multi-stage breach had already pushed hardware-wallet security into closer focus, adding a separate operational concern to a market already watching leveraged liquidations and equity-market sentiment.
The immediate trading marker remained the weekly candle close.
Bitcoin needed to avoid turning the $82,500 region from support into resistance, while the next visible ask-side liquidity cluster sat around $84,000.
