Bitcoin's Price Plunge Triggers Record Crypto Liquidations

Bitcoin's price plummeted below the critical $75,000 mark, resulting in massive crypto liquidations totaling $917 million in a single day.

The majority of these forced closures, amounting to $834 million, involved long traders who had bet on the cryptocurrency's continued growth.

This significant decline marks a roughly 40% drop from Bitcoin's peak value of $124,000 reached in October 2025.

Market analysts warn that if Bitcoin fails to maintain its current support zone between $75,000 and $77,000, it may trigger even larger liquidations, potentially reaching the next major support level at around $62,800.