Bitcoin long liquidations hit $280M as BTC dips below $84K

The $280M in long liquidations is the tell here: leveraged upside positioning, not spot selling, drove the move below $84K, which typically makes for a faster, more mechanical flush than a broad sentiment shift. The cited support level now becomes the reference point — if it holds, this reads as a positioning reset; if it breaks, the same forced-selling dynamic can compound. Worth watching whether liquidation volumes taper as price stabilizes, which would signal the leverage overhang has cleared.