Bitcoin Crash Wipes Out $660 Million
Analysis
Price Impact
HighThe liquidation of $660 million in leveraged positions, particularly long positions, indicates significant market turmoil and a strong bearish sentiment shift in the short term. this level of forced selling can accelerate price declines.
Trustworthiness
HighPrice Direction
BearishThe significant liquidation of long positions suggests that many traders were betting on prices to rise and were forced to sell as the price fell. this forced selling, combined with the pressure from e-mini nasdaq-100 futures, points to continued downward pressure.
Time Effect
ShortLiquidations are a short-term event that directly impacts immediate price action. while the long-term trend could recover, the immediate aftermath of such a large liquidation event is typically bearish.
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Cover image via depositphotos.com Roughly $660 million worth of leveraged positions have been liquidated over the past 24 hours, according to data provided by CoinGecko. This happened during BTC's plunge below the $77,000 level. Advertisement Bullish traders attempting to catch the dip were caught off guard, with long positions taking a severe beating. According to data from CoinGlass, the sudden crash liquidated a staggering 106,876 individual traders within the past 24 hours. HOT Stories Bitcoin Crash Wipes Out $660 Million XRP's Volatility Risks Exploding, Dogecoin (DOGE) Uptrend Continues, Will Toncoin's (TON) Lifeline Support Save $2: Crypto Market Review Earlier today, the flagship cryptocurrency reached an intraday low of $76,696. Advertisement E-mini Nasdaq-100 futures are currently in the red as well, which exerts more pressure on high-risk assets of the likes of Bitcoin and other cryptocurrencies. Accelerating volatility The vast majority of the damage occurred within a devastating 12-hour window that accounted for over $618.04 million in forced closures, with long positions taking a $569.88 million hit compared to just $48.16 million for shorts. Over a full 24-hour period, the total wipeout reached $660 million. The bulls suffered the lion's share of the damage, with $589 million in long liquidations. For comparison, there was only $71.89 million in short liquidations. Advertisement You Might Also Like Fri, 05/15/2026 - 00:01 Bitcoin (BTC) Says Goodbye to $80,000, Dogecoin (DOGE) Spikes 50% Hinting at New Rally, Toncoin (TON) Risks Losing $2: Crypto Market Review By Arman Shirinyan The four-hour window saw $24.32 million in total liquidations, and the one-hour window recorded $2.41 million. Long positions absorbed nearly all of the impact, given that the market was skewed toward bullish sentiment following Bitcoin's most recent recovery. Binance , the cryptocurrency giant that remains the undisputed leader in terms of trading volume, accounted for 45% of the total market liquidations. Bybit, another important player, followed with $104 million in total liquidations, a 16% share of the market wipeout. Notably, Bitget saw the highest concentration of long liquidations (96%). #Bitcoin Price Prediction