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$184M Liquidations: BTC Drops Below $84,000

Bitcoin Falls Below $84,000 Due to Mass Liquidations

A large wave of liquidations hit the cryptocurrency market: over one hour, long positions totaling approximately $184 million were forcibly closed.

According to analytics platform Coinglass, the sharp price drop led to a mass dump of open bullish positions by traders.

Bitcoin dropped below the $84,000 mark at that moment, triggering a cascade of margin calls and increasing the asset's volatility.

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