Bitcoin Tops $84,000, Triggering $192 Million in Short Liquidations
- —BTC liquidations totaled $78.6 million, 93% from short positions
- —Over 71,200 traders were liquidated, 44% of them on Binance
- —Largest single liquidation was an $8.74 million ETH short on Binance
- —BTC trading volume rose 7% to more than $27 billion
Why it matters: The short squeeze fueled the rally, but BTC faces resistance at $84,000–$85,000; a breakout could open the way to $86,500.
Source: Crypto Economy