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On October 21, Bitcoin rejected resistance near US$84,000 and fell 3.20 per cent to US$81,385.04. Platforms forcibly closed over US$112 million in positions, with longs accounting for 97 per cent of US$79.06 million in liquidations. The decline correlates with a 16 per cent drop in total market open interest and disappointing earnings from major technology corporations like Tesla and Meta.
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