Bitcoin Drops Below $84K as $360M in Longs Liquidated Within Minutes ⚠️
Bitcoin's sharp plunge below $84,000 triggered around $360 million in BTC long liquidations within just 10 minutes, while Ethereum fell below $2,600 and added another $400 million in losses over roughly 20 minutes.
🔎 What caught traders' attention:
1) 4 new wallets opened $12.5M in 40x BTC shorts on Hyperliquid
2) Those positions reportedly generated $222K+ in quick profits
3) Total crypto long liquidations reached $487M in 24 hours
4) BTC remains volatile between the low $83Ks and mid-$84Ks
5) Traders are watching for either a relief bounce or another leg lower
📊 What happens next?
A) BTC reclaims $85K
B) BTC consolidates around $83K–$84K
C) BTC drops toward $82K
D) More leveraged positions get liquidated
What level are you watching?