$BTC
Liquidation Wave: $129M Erased as Bitcoin Dips Below $88K
The market just experienced a sharp shakeout. In the past hour, over $128.6 million in long positions were liquidated as Bitcoin fell under the $88,000 mark. This wasn’t gradual selling — it was a leveraged cascade.
The charts tell the full story. BTC and ETH bore the brunt, while altcoins like SOL and XRP got swept up as margin calls triggered simultaneously. When price drops below critical support, highly leveraged longs fuel even more downside — and that’s exactly what happened.
These events act as a market reset. Excess leverage is cleared, weaker traders are forced out, and volatility spikes in both directions. Such cascades often signal key short-term turning points — either further declines or a sharp rebound.
All eyes are now on Bitcoin. The next move could be massive.$SOL $ETH
