Bitcoin briefly fell to around $83,560, triggering roughly $550M in crypto liquidations over the past 24 hours, with longs taking most of the hit.
But there’s another detail traders are watching closely.
Just before the drop, four newly created wallets opened 40x BTC shorts on Hyperliquid, taking positions on roughly 148.5 BTC worth $12.5M. The timing has sparked speculation, although there’s no confirmation that these traders knew the move was coming.
For now, BTC is sitting around a key support area near $83K–$84K. Losing that zone could open the door toward $80K, while reclaiming higher levels would suggest the liquidation was more of a leverage flush than a deeper trend reversal.$HYPE
But there’s another detail traders are watching closely.
Just before the drop, four newly created wallets opened 40x BTC shorts on Hyperliquid, taking positions on roughly 148.5 BTC worth $12.5M. The timing has sparked speculation, although there’s no confirmation that these traders knew the move was coming.
For now, BTC is sitting around a key support area near $83K–$84K. Losing that zone could open the door toward $80K, while reclaiming higher levels would suggest the liquidation was more of a leverage flush than a deeper trend reversal.$HYPE