BTC Bulls Crushed in $360M Liquidation Wave

Bitcoin just took a sharp hit. In the last 60 minutes, over $360 million worth of leveraged long positions were liquidated, triggering a rapid $2,000 drop. The price is now back below $87,000, marking a 9% slide over the past 48 hours.

Loading tweet...

— View original post

The flush came fast. Traders holding high‑leverage bullish bets were wiped out as BTC broke below key support levels. Liquidation engines kicked in across major exchanges, accelerating the selloff and draining momentum from what had been a strong January rally.

Volatility Returns as Bulls Get Pinned

The move highlights how fragile upside conviction can be when leverage piles up. Just days ago, Bitcoin was flirting with $90,000. Now, the market’s digesting a wave of forced selling.

source: coinglass

Liquidation data shows the bulk of losses came from long positions, suggesting traders were leaning heavily bullish before the drop. That imbalance left the market vulnerable to a cascade — once price dipped, margin calls and auto‑liquidations did the rest.

Despite the pullback, Bitcoin remains up year‑to‑date, but the pace has cooled. Analysts are watching for signs of stabilization around the $85,000–$86,000 zone. If support fails there, another round of liquidations could follow.

For now, the message is clear: leverage cuts both ways. And when it unwinds, it doesn’t ask nicely.