🚨 BITCOIN BREAKS BELOW $84,000 AS LEVERAGED CRYPTO BULLS SUFFER $230 MILLION WIPEOUT CRYPTO MARKETS - Leverage had been doing much of the market's work before the decline began. When hundreds of millions of dollars can disappear in an hour, it suggests positioning had become crowded and dependent on prices continuing to rise rather than on fresh spot demand entering the market. The damage extends beyond the traders who were liquidated. Forced selling removes liquidity, widens risk controls across exchanges and typically makes remaining participants more cautious about adding exposure immediately after the event. That often slows momentum even if prices stabilize. A sharp liquidation wave also resets incentives. Traders who were comfortable using high leverage a day earlier tend to cut position sizes, while market makers raise their tolerance for volatility. The result is frequently a market that becomes harder to squeeze higher and more sensitive to negative surprises in the sessions that follow. Writer: Sam