Bitcoin briefly falls below $84,000 as heavy liquidation of leveraged positions accelerates selling pressure across the crypto market. Roughly $500 million in margin positions are wiped out over a four-hour period, intensifying downside momentum.
The sharp move triggers a broader market selloff, with forced liquidations amplifying losses in major digital assets. Volatility spikes as traders rush to reduce risk amid rapid price swings and thinning liquidity.
Over the past 24 hours, total cryptocurrency market capitalization drops by about $200 billion. The decline highlights the market’s vulnerability to leverage-driven corrections and underscores ongoing sensitivity to abrupt shifts in sentiment and risk appetite.
