Bitcoin Tumbles Below $84,000, Wiping Out $237 Million in Single-Hour Liquidation

Bitcoin's price dropped below $84,000 on September 23, 2026, triggering a wave of liquidations that wiped out over $237 million in leveraged long positions in just one hour.

According to Coinglass data, the sudden drop caught overleveraged bulls off guard, causing their automated sell-offs to kick in across multiple exchanges simultaneously.

The $84,000 mark has consistently acted as a key inflection point for Bitcoin throughout 2026, serving as a magnet for both buying and selling pressure. When price pushes above it, shorts get squeezed. When it falls below, longs get crushed.

Treasury yields have been an overhang for risk assets, including crypto, while regulatory developments have also played a role in recent bouts of volatility.