Bitcoin price dipped below $84,000, falling 2.3% over two hourly candles before recovering. Cumulative 24-hour crypto long liquidations hit $550 million. Four wallets opened shorts on 148.49 BTC with 40x leverage on Hyperliquid just before the overnight drop. Open interest rebounded from $54.2 billion to $55.3 billion over six hours, suggesting traders were comfortable increasing BTC exposure at local lows. Bitcoin preserved support at its 21-day SMA near $83,850.
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