🔥 $LUNA Classic Drops 8.5% as $875M Crypto Liquidations Hit After Bitcoin ( BTC )Loses $91K
Luna Classic ($LUNC ) recorded a sharp decline over the past 24 hours, reflecting a broader sell-off across the cryptocurrency market.
On Monday, 19 January 2026, LUNC opened at $0.00003979. During the day, price dropped rapidly to $0.00003640, marking a decline of more than 8.5% in a short period.
At the time of writing, Luna Classic has staged a partial recovery and is trading around $0.00003902. Despite this bounce, market sentiment remains cautious as volatility continues across major crypto assets.
This move was not isolated to LUNC. The wider market weakened after Bitcoin lost the $91,000 support level, a key psychological zone that often dictates short-term market direction. This synchronized move highlights how tightly correlated altcoins remain to Bitcoin ( BTC ) during high-volatility phases.
$USTC also followed Luna Classic lower, reinforcing how closely linked Terra Classic ecosystem assets remain during periods of Bitcoin-driven market stress.
💥 Crypto Liquidations (Last 24 Hours)
Total liquidations: ~$874.83 million
Long positions: ~$787.93 million
Short positions: ~$86.91 million
The data shows most traders were positioned bullish, leaving the market vulnerable once Bitcoin ( BTC ) broke support. Heavy long liquidations often reset leverage, which can either extend downside pressure or set the stage for a short-term relief bounce.
📊 Key Levels to Watch
Support: $0.000036
Resistance: $0.000040–$0.000041
As long as Bitcoin ( BTC )remains unstable, altcoins like Luna Classic and USTC are likely to follow broader market trends rather than move independently.
⚠️ Market conditions remain highly volatile, and short-term price swings can be extreme.
💬 Do you see this move as a healthy reset or more downside ahead?
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