Market News / Story
Crypto liquidations hit $550M as Bitcoin price dips below $84K
Cointelegraph ·
Cointelegraph reports: Bitcoin (BTC) dipped below $84,000 on Wednesday as flash downside liquidated over $500 million in crypto long positions. Key points: Bitcoin briefly dropped to $83,560 but held support at its 21-day moving average, which currently stands at $83,850. Analysis flagged 40x-leveraged BTC shorts on Hyperliquid appearing immediately before the downside ensued. Analysis by Rekt Capital viewed a daily or three-day close above $86,700 as necessary to confirm upside…