Over $200M in Leveraged Positions Liquidated as Bitcoin Falls Below $87,000

Bitcoin slipped below $87,000 after a leveraged long squeeze triggered roughly $200 million in forced liquidations, with nearly 75% of losses coming from overexposed bullish positions. The move reflects a leverage reset amid thin liquidity and rising macro uncertainty ahead of the FOMC meeting, leaving BTC consolidating near $88,000 as traders watch whether key support around $86,000 can hold.