Crypto Bloodbath Alert: $770 Million Longs Liquidated in Just 30 Minutes – BTC's Breaking Point?
Crypto markets just witnessed a brutal liquidation cascade, with $770 million in long positions wiped out across major exchanges in under 30 minutes. Bitcoin plunged sharply from $86,000 to $82,681, triggering stop-losses and margin calls that amplified the drop. The TradingView chart captures the chaos: a steep red candle with high volume, breaking key support levels and flashing warning signs for leveraged traders.
This wipeout stems from over-leveraged positions built during recent rebounds, combined with heightened volatility from Fed policy signals and tariff uncertainties. Longs were heavily concentrated at $85,000–$86,000 resistance, and once price cracked lower, cascading liquidations accelerated the fall. Binance and Bybit reported the bulk of the hits, with BTC perpetual futures seeing 25x leverage positions vaporized.
Impact on Bitcoin: The drop tests $82,000 as immediate support, with next major level at $80,000 – a zone of strong historical buying. If bulls defend here, a quick rebound to $85,000 is possible; failure could open the door to $78,000–$75,000. Volume spiked 40% during the event, confirming forced selling rather than organic demand collapse.
Broader implications ripple across the ecosystem: Ethereum followed with a 3% dip, while altcoins like Solana and XRP saw 5-7% drops as sentiment soured. MicroStrategy ( $Strategy(MSTR)$ ) shares fell 4% in sympathy, highlighting its leveraged exposure. On the positive side, this clears weak hands and sets up potential for a healthier rally if ETF inflows resume.
For traders, opportunities emerge in volatility plays: Straddles on BTC futures for expected swings, or buying dips below $82,000 with tight stops at $80,000 for a bounce to $85,000. Short-term shorts targeting $80,000 offer quick profits if momentum persists. Watch for whale accumulation at key supports – on-chain data shows large wallets adding during the dip.
Here's a quick overview of today's liquidation breakdown:
The liquidation wave highlights the risks of high-leverage trading in volatile conditions, but also creates setups for disciplined entries. With ETF flows still positive and institutional interest intact, this could mark a healthy shakeout rather than the start of a prolonged downtrend. Keep stops tight and watch $80,000 as the next critical battleground.
What’s your strategy amid this volatility?
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- wavyloo·01-30TOPHolding tight with stop-losses set and eyeing $80k buys. [看涨]LikeReport