BTC dropped under $76,000 on Saturday night.
The Saturday bloodbath has solely intensified up to now few hours, as bitcoin simply plunged to $76,000 for the primary time for the reason that preliminary tariff risk in April final 12 months.
As such, the cryptocurrency prolonged its huge losses to virtually $15,000 in simply days, because it traded above $90,000 on Wednesday.
The most recent flash crash befell as a single entity was liquidated for $1 billion, in accordance with information from the Kobeissi Letter.
BREAKING: Bitcoin falls -$3,000 in 5 minutes as a large leveraged lengthy place price $1 billion was liquidated at 1:43 PM ET. pic.twitter.com/T3RwBdr17Q
— The Kobeissi Letter (@KobeissiLetter) January 31, 2026
CoinGlass stories totally different information as of press time. It exhibits that the single-largest liquidated place befell on Hyperliquid and was price a whopping $222 million. It concerned the ETH-USD pair.
The entire worth of wrecked positions has shot as much as greater than $2.5 billion every day. Nearly all of that got here up to now 12 hours. Naturally, longs are liable for the largest share, with $2.41 billion of such positions worn out up to now 24 hours.
Bitcoin’s worth crash to $76,000 meant that Technique’s huge BTC place briefly turned pink for the primary time in over two years. Nonetheless, the cryptocurrency has rebounded barely since that multi-month low, and now sits round $78,000, placing the corporate’s stash barely within the inexperienced once more.
You may additionally like:
BREAKING: MicroStrategy’s, $MSTRBitcoin place formally turns pink as Bitcoin falls under $76,000. pic.twitter.com/IRZjYzJS8H
— The Kobeissi Letter (@KobeissiLetter) January 31, 2026
SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this hyperlink to register and unlock $1,500 in unique BingX Trade rewards (restricted time provide).
