Liquidation cascade: The crypto market lost more than 1 billion USD in 24 hours
The strong sell-off caused more than 1 billion USD in long positions to be liquidated on January 21, 2026, with Bitcoin alone accounting for ~359-759 million USD. The price of BTC hit a low of $87,760 before bouncing back to ~$89,000, triggering a long squeeze when retesting the support zone of $87-88K. Ethereum and altcoins also faced similar pressure, with the total liquidation volume across the market exceeding $1.7 billion according to some reports. The main reason was the risk-off sentiment due to concerns over Trump's tariffs (Greenland, NATO tariff), with funds flowing into gold (reaching new ATH). Market sentiment fell deep into the "Fear" zone.
$BTC
$ETH
$SOL
The strong sell-off caused more than 1 billion USD in long positions to be liquidated on January 21, 2026, with Bitcoin alone accounting for ~359-759 million USD. The price of BTC hit a low of $87,760 before bouncing back to ~$89,000, triggering a long squeeze when retesting the support zone of $87-88K. Ethereum and altcoins also faced similar pressure, with the total liquidation volume across the market exceeding $1.7 billion according to some reports. The main reason was the risk-off sentiment due to concerns over Trump's tariffs (Greenland, NATO tariff), with funds flowing into gold (reaching new ATH). Market sentiment fell deep into the "Fear" zone.
$BTC
$ETH
$SOL