🚨 JUST IN: Bitcoin has **slipped below $80,000 and sparked a huge liquidation cascade across the crypto market — with over $1 billion+ wiped out in long positions in the past ~24 hours. 📉🔥
This isn’t small shakeout noise — rapid price action and forced margin liquidations erased massive leveraged bullish bets and caught traders off-guard.
Here’s the latest snapshot of what just went down 👇
📊 Bitcoin Price Action
• Bitcoin briefly dipped under $81,000, its lowest level since earlier this year as prices retreated sharply.
• The move triggered panic selling and forced closures of leveraged positions across exchanges and derivative markets.
💥 Liquidation Carnage
• Total 24-hour liquidations hit around $1.6 billion–$1.7 billion, with long traders taking the overwhelming majority of losses.
• Roughly 270,000+ traders were liquidated in this squeeze, showing just how crowded bullish bets had become.
• Bitcoin accounted for a huge chunk of this pain, with ~$780 million in BTC positions alone wiped out.
⚙️ What This Means
• Leverage crash: Traders borrowing to amplify gains were forced out when the price turned south.
• Risk reset: Large-scale liquidations often flush weak hands and reset positioning.
• Volatility reminder: Bitcoin remains one of the most leveraged and reactive assets in global markets.
Crypto mindset check:
🔥 “Long squeeze incoming!”
💀 “Stop hunting?”
🤯 “Who’s buying the dip?”
Market poll idea:
1️⃣ BTC bounce from here?
2️⃣ More downside risk?
3️⃣ This was just weak hands leaving?
#Bitcoin #CryptoNews #LongSqueeze #MarginCall #MarketVolatility