Bitcoin Plunges Below $84,000, Triggering $360M in Liquidations in 10 Minutes
- —Bitcoin dropped from $85,000 to about $83,700, over 2%, in minutes
- —Roughly $360 million in positions liquidated within 10 minutes
- —Key level is $83,800; a sustained break risks another liquidation wave
- —Cause unconfirmed: macro news, large sells or derivatives unwind
Why it matters: The sharp flush highlights leverage-driven fragility; holding $83,800 will signal whether the selling wave has ended.
Source: Siam Blockchain