Bitcoin drops below $84K: four pressure points behind the sudden reversal
- —Four new wallets opened 40x leveraged shorts on 148.49 BTC worth $12.5 million on Hyperliquid
- —The US government transferred 834 BTC ($71.56 million) and 40,285 BNB ($31.63 million)
- —Spot BTC ETFs bled about 1,059 BTC ($91.72 million), with ARKB leading outflows at 994 BTC
- —Long liquidations exceeded $358 million, or 84% of the $425 million total
Why it matters: BTC must reclaim $85,000 to invalidate the bearish structure; otherwise $80,000 or lower becomes the next target.
Source: Cryptonews.net