Bitcoin long liquidations hit $280M as BTC price dips under $84K
Bitcoin long liquidations mounted as BTC/USD briefly traded below $84,000, while analysis flagged key support to hold.
Bitcoin long liquidations mounted as BTC/USD briefly traded below $84,000, while analysis flagged key support to hold.
Data from TradingView tracked a second attempt to break beyond $87,000 before BTC/USD fell to local lows under $84,000 into the Wall Street open.
These levels marked the upper and lower boundaries of a narrow intraday range. Liquidity thickened on both sides of the spot price as traders attempted to force a breakout from the sideways range. Data from CoinGlass tallied liquidations over the four hours prior to the time of writing at $280 million.
Earlier, analysis highlighted $90,000 as the likely next area in which BTC/USD will consolidate due to the increased likelihood of profit-taking by traders.