About $444 million in crypto long positions were liquidated in the 24 hours to 5:14 p.m. ET Wednesday, the most since Sept. 15, CoinGlass data shows. Longs represented about 77% of roughly $580 million in total liquidations, while open interest fell 4% to $151.4 billion. The flush followed stronger-than-expected September economic data and higher bond yields, alongside Federal Reserve Governor Michael Barr’s warning that further policy adjustments may be needed to bring inflation to target. Bitcoin traded around $84,340, down 2.2% over 24 hours, just above Glassnode’s $84,000 support level. Glassnode identified $96,700 as the upside path if that level holds and $77,000 as a potential downside retest if it breaks. The move followed nearly $925 million in short liquidations on Sept. 21 and substantial spot Bitcoin ETF inflows, raising the question of whether spot buyers will now support the market without forced buying from a short squeeze. Glassnode said Bitcoin holders realized about $5.1 billion in net profit over the past seven days, describing the level as closer to late 2023 than prior market tops.