Bitcoin Price Stalls at $84K as $80M Long Liquidation Wave Hits
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Bitcoin stalled near $84,000 as an approximately $80 million wave of long-position liquidations pressured the market. The liquidations indicate that leveraged bullish bets were unwound as upward momentum weakened, increasing short-term volatility. Bitcoin’s inability to sustain gains above $84,000 suggests near-term consolidation or further downside risk unless buying demand strengthens.
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