Bitcoin Drops Under $84,000 as $487 Million in Leveraged Longs Get Liquidated in 24 Hours

Bitcoin dropped under $84,000 as $487.2 million in leveraged longs were liquidated in 24 hours, part of $555.6 million in total crypto liquidations, according to CoinGlass. The sell-off hit leveraged traders hard, with long positions bearing the brunt of the losses as the market declined sharply.