Bitcoin slipped below $84,000 on Wednesday after failing to hold a brief push through $87,000, snapping a multi-day rally that had lifted the broader market back above $3 trillion.
The breakdown triggered more than $400 million in long liquidations and pulled total crypto market cap under $3 trillion again, with Ethereum also losing key support near $2,650.
Spot Bitcoin ETF inflows had fueled the earlier rebound, but leveraged positioning flipped quickly once resistance held.
Traders are now watching whether $83,500 becomes a floor or the start of a deeper reset.
Sentiment remains split between institutional demand and short-term profit taking.
$BTC
#bitcoin #BitcoinTops$87KAtEightMonthHigh
The breakdown triggered more than $400 million in long liquidations and pulled total crypto market cap under $3 trillion again, with Ethereum also losing key support near $2,650.
Spot Bitcoin ETF inflows had fueled the earlier rebound, but leveraged positioning flipped quickly once resistance held.
Traders are now watching whether $83,500 becomes a floor or the start of a deeper reset.
Sentiment remains split between institutional demand and short-term profit taking.
$BTC
#bitcoin #BitcoinTops$87KAtEightMonthHigh
