Markets· ★★★★· bearish·

Bitcoin drops to $83,600, triggering $550M in long liquidations

  • —Bitcoin slid to $83,600, with $550M in longs liquidated
  • —Liquidations were concentrated in bets on higher BTC prices
  • —40x leveraged shorts drew attention on Hyperliquid
Why it matters: The liquidation cascade adds selling pressure and raises the risk of further downside if demand stays weak.
#BTC
Source: Bloomingbit
More on this
Markets · yesterday
XRP and altcoins slump as $550M in longs get liquidated
 Markets · yesterday
Bitcoin slips below $84,500 as liquidations top $550M
 Markets · yesterday
Crypto market drops 3% to $2.85T as Bitcoin slips below $84K, $403M in longs liquidated