Bitcoin Threatens Sub-$84,000 Breakdown as Long Liquidations Spike
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Bitcoin Threatens Sub-$84,000 Breakdown as Long Liquidations Spike
Bitcoin (BTC) was rejected near $87,000 on Wednesday as onchain data showed negative spot demand. Key points: Bitcoin suffered a correction below $84,000 around Wednesday’s Wall Street open, causing $280 million in long liquidations over the course of four hours. Analysis saw $82,000 as key support to hold in the event of a further breakdown. […]
Bitcoin is down $3,000 and has liquidated $230 million in long positions. So...
Bitcoin has fallen below $84,000 this Wednesday, resulting in nearly $240 million in long position liquidations in an hour. The movement comes in a context of wider market retreat, while American stocks and precious metals are also declining. The Bitcoin article and cryptos are falling: $240 million long liquidated has appeared first on Cryptoast.
Bitcoin Long Liquidations Surge to $280M as BTC Slips Below $84K
Bitcoin ran into selling pressure Wednesday after failing to hold a push above the $87,000 area, with on-chain indicators pointing to weaker spot buy interest. Price slid under $84,000 around the Wall Street open, triggering a sharp wave of leverage unwinds. Intraday, TradingView data showed BTC/USD losing momentum after a second attempt to break higher [...]
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