Bitcoin tumbled to around $83,500, marking its lowest level in over a month and triggering a wave of forced liquidations across the derivatives market. In just 24 hours, nearly $1 billion worth of long and short positions were wiped out as leveraged bets unraveled in a rapid cascade. The drop below the key $85,000 level accelerated selling pressure. Within minutes, thin order books amplified volatility and sent price spiraling lower. Traders who piled into aggressive long positions at leverage ratios as high as 2.2:1 were flushed out, with roughly $150 million liquidated in a single hour during the peak of
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