Daily Market Updates: Bitcoin long liquidations top $280M as BTC dips under $84K

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Bitcoin long liquidations top $280M as BTC dips under $84K

Cointelegraph reports BTC/USD briefly traded below $84,000, triggering more than $280M in long liquidations, with analysts pointing to nearby support as a key level.

Reported · Written up by our desk · Bitcoin

Bitcoin long liquidations surged to more than $280 million after BTC/USD dipped briefly below the $84,000 level, according to Cointelegraph.

The outlet said the move drove concentrated losses among leveraged long positions as the market tested that area.

Cointelegraph also flagged a key support level that traders are watching to see whether BTC can hold after the dip.

Latest closeBitcoin $84,236.73 ▼2.2%

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Sources

CointelegraphBitcoin long liquidations hit $280M as BTC price dips under $84K

Crypto

Bitcoin long liquidations top $280M as BTC dips under $84K

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