Crypto liquidations hit $550M as Bitcoin price dips below $84K
BTC when published $83,924Now $80,568 ▼ −4.00% since it was published
Bitcoin fell 2.3% in two hours amid suspicion over the appearance of leveraged BTC short positions on Hyperliquid. Bitcoin (BTC) dipped below $84,000 on Wednesday as flash downside liquidated over $500 million in crypto long positions. Data from TradingView showed BTC/USD falling up to 2.3% over two hourly candles before returning to circle $84,000 at the time of writing. The move came after overhead ask liquidity thickened on exchange order books, keeping spot price from rising past $86,500 on Tuesday. Cumulative 24-hour crypto long liquidations hit $550 million, per data from CoinGlass.
First reported by Cointelegraph. This page is a short excerpt; the full text is theirs.
