Bitcoin falls below $84000, cryptocurrency bulls clear $360 million in 10 minutes

Binance will launch JPMB/USDT, LLYB/USDT, SECZB/USDT, and USDEB/USDT spot trading pairs on October 7, 2026 at 20:00 (UTC+8), and open spot algorithmic trading robot services. The rebalancing robot will be activated within 24 hours of its launch. Users can trade bStocks against BTC, USDT, and other tokens on Binance Flash Exchange with zero transaction fees, and enjoy the above transaction fees until 07:59 (UTC+8) on November 1, 2026. JPMB, LLYB, SECZB, and USDEB withdrawals will be open on October 7, 2026 at 21:00 (UTC+8).

Four newly built wallets deposited 1 million USDC into Hyperliquid and shorted 148.49 BTC with 40 times leverage, with a nominal value of $12.5 million. Subsequently, Bitcoin fell below $84000.

DeGods founder Frankdegrees sold over $1 million worth of altcoins on the chain within nearly half an hour, including $1 million worth of BP, $250000 worth of EDEL, and $70000 worth of GP.

Yi Lihua, founder of Liquid Capital, said that Bitcoin has not yet fallen below the key support level, but the counterfeit currency has fully recovered. Yi Lihua believes that most of the time in a bull market is volatile, with only a few periods of rapid rise and normal correction. There is no bull market that only rises and does not fall. If there is a large adjustment in this cycle, it is also a normal phenomenon in the bull market trend. Yi Lihua suggests that investors do not need to trade constantly or compete for every opportunity, and should reserve positions to wait for better opportunities.

Bitmine stated that its ETH holdings will not exceed 5% and currently hold 4.9% of the supply.