BitcoinBTC-USD
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Bitcoin price drops toward $62,400, testing 200-week moving average.
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BitcoinBitcoin Drops Toward $62,400 While Hyperliquid Longs Hit Record Highs
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Bitcoin continues to slide toward local lows in the $62,400–$63,600 area, testing the 200-week moving average, while a powerful countertrend move forms in the derivatives market. Hyperliquid, a decentralized perpetuals exchange, has seen its long positions hit record highs even as the price drops, raising the possibility of a short squeeze. The divergence between spot weakness and surging leveraged longs suggests traders are betting on a sharp reversal.
BitcoinBitcoin price drops toward $62,400, testing 200-week moving average.