Bitcoin slid sharply this week, hitting just above $82,000 in early US trading and triggering a wide purge of crowded positions. Reports say over 90% of the liquidated contracts were long positions, mostly in Bitcoin and Ether. Reports say the wider crypto market lost around $200 billion in value across tokens during the worst of the move. What Traders Are SayingSome analysts called the reaction overblown and noted that prices had already been falling since October. According to Trading Economics, gold and silver have climbed to record levels, with gold reaching $5,608 per ounce and silver rising to $121.60.