Bitcoin fell below $84,000 on Sunday, erasing all its gains from earlier in the day after reaching a peak of $87,200 just hours prior. The total cryptocurrency market lost nearly $80 billion, dropping to $2.880 trillion. Liquidations surpassed $570 million in the past 24 hours, with $186 million occurring in a single hour. Long positions bore the brunt of the losses, accounting for 99% of liquidated orders in the last hour. The largest single order wiped out on Binance was worth nearly $12 million.
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