Update
Bitcoin Liquidations Exceed $800 Million
Bitcoin's price volatility reached significant levels, initially rejected at $84,000 before dropping over $3,000 to around $83,500. The total value of liquidated positions exceeded $800 million, affecting approximately 173,611 traders primarily due to long positions. Altcoins such as Ethereum and XRP also experienced notable dips and recoveries during the market turmoil. This update highlights the impact of liquidations on Bitcoin's price stability and market dynamics.