🔷 $BTC fell below $84K: $500M+ in long liquidations
📋 Facts:
• BTC fell below $84,000 on Wednesday
• Briefly dipped to $83,560
• More than $500 million in long positions liquidated
• 4 wallets opened 40x leveraged shorts on 148.49 BTC on Hyperliquid just before the drop
• The 21-day SMA at $83,850 held as support
• OI recovered from $54.2B to $55.3B in 6 hours (4:00–10:00 UTC)
• A close above $86,700 is needed to confirm the uptrend
🧠 BTC’s drop below $84K triggered mass liquidations of long positions, but the market is recovering quickly. Support from the 21-day SMA at $83,850 acted as a floor, while the recovery in OI shows traders are ready to buy local lows. An interesting detail: four wallets opened 40x leveraged shorts just before the drop — either they had insider information or timed it well. For Bitcoin to continue rising, it needs to close the day above $86,700.
⚠️ Risks: volatility; high leverage increases liquidations; macroeconomic factors; resistance at $86,700.
❓ Can BTC close above $86,700 and confirm the uptrend? 👇
#BTC
📋 Facts:
• BTC fell below $84,000 on Wednesday
• Briefly dipped to $83,560
• More than $500 million in long positions liquidated
• 4 wallets opened 40x leveraged shorts on 148.49 BTC on Hyperliquid just before the drop
• The 21-day SMA at $83,850 held as support
• OI recovered from $54.2B to $55.3B in 6 hours (4:00–10:00 UTC)
• A close above $86,700 is needed to confirm the uptrend
🧠 BTC’s drop below $84K triggered mass liquidations of long positions, but the market is recovering quickly. Support from the 21-day SMA at $83,850 acted as a floor, while the recovery in OI shows traders are ready to buy local lows. An interesting detail: four wallets opened 40x leveraged shorts just before the drop — either they had insider information or timed it well. For Bitcoin to continue rising, it needs to close the day above $86,700.
⚠️ Risks: volatility; high leverage increases liquidations; macroeconomic factors; resistance at $86,700.
❓ Can BTC close above $86,700 and confirm the uptrend? 👇
#BTC
