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

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Bitcoin’s dip below $84,000 triggered approximately $280 million in liquidations of leveraged long positions, indicating a sharp increase in downside pressure and forced selling. The move highlights elevated leverage and vulnerability to further volatility, as traders positioned for gains were rapidly unwound. Continued weakness could prompt additional liquidations and weigh on Bitcoin’s near-term price.

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