Bitcoin Price Drops Below $84,000, Wiping Out $280 Million in Leveraged Longs

The Bitcoin price dropped below $84,000 on September 23, resulting in the liquidation of approximately $280 million in leveraged long positions within four hours.

This sudden drop led to a significant amount of selling pressure, which did not end the recovery. However, it did cause some profit taking, as observed by Glassnode.

AlphaPepe, a cryptocurrency project with announced CEX partnerships and a live presale, has been drawing attention. The project's Stage 20 entry is currently priced at $0.03111, but this allocation will close once it fills, moving to the next tier.

Bitcoin traders can wait for a clearer move, as BTC will still be available on the open market. Meanwhile, AlphaPepe offers an earlier entry with more unknowns, and waiting for a public ALPE chart may make the price easier to judge.