Bitcoin fell 2.3% in two hours amid suspicion over the appearance of leveraged BTC short positions on Hyperliquid.
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Crypto liquidations hit $550M as Bitcoin price dips below $84K
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Live updates: Bitcoin slides under $84,000 as $550 million in bets get liquidated
Traders betting on higher prices took the brunt of the forced selling, while oil climbed on Iranian tanker attacks. Fed minutes are due later Wednesday.