Bitcoin: $3,000 Drop Liquidates $200M Levered Longs

Bitcoin plunged $3,000 within 60 minutes, wiping out $200 million in levered longs as price hit $77,844.07. The move aligns with Bitcoin leveraged long liquidation cascades seen over the past year when futures positioning grows crowded. BTC remains in a bullish trend above the EMA50 at $76,758.82 yet the MACD death cross at 447.74 signals fading momentum while RSI at 44.29 stays neutral inside the Bollinger Bands. Price testing the upper band resistance near $80,513.71 with neutral momentum points to a likely retracement toward the $76,758.82 support before any continuation attempt. Traders watching crypto market crash signals and BTC price prediction models now focus on whether the $200 million flush clears excess leverage or opens deeper downside to the lower band at $77,695.23.