Bitcoin longs wiped out at $81,500 as short liquidations loom above $84,000
- —About $192.5 million in BTC futures positions were liquidated in 24 hours
- —On Binance, 87% of the day's $68.2 million in BTC liquidations were longs
- —Bitcoin open interest remains elevated at roughly $53.6 billion
- —Nearest short liquidation clusters sit at $84,200–84,600 and $85,000–85,500
Why it matters: A break above $84,000 could trigger a short squeeze, but the same zone holds holders' cost basis and potential spot selling.
Source: Happycoin.club