Bitcoin falls below $77,000 after $500 million in levered long positions liquidated in 60 minutes, with bearish signals on the 4h chart including EMA50 resistance.

Bitcoin plunged $1,400 in 60 minutes, dipping under $78,000 with $53M longs liquidated in crypto market crash amid low weekend liquidity.

According to Watcher.Guru, $800 million worth of crypto long positions were liquidated in the past 24 hours. According to Binance Academy, a liquidation is the forced closure of a leveraged position when margin requirements are not met. According to Watcher.Guru, the reported total reflects significant deleveraging over the last day.

According to @WatcherGuru, $300,000,000 of crypto long positions were liquidated in the last 10 minutes, signaling a violent deleveraging across futures and perpetual markets. Source: @WatcherGuru on X. Long liquidations are forced closures when margin falls below maintenance and are typically executed as market orders, which can accelerate downside moves and widen spreads. Source: Binance Futures education center. In prior liquidation waves, the majority of notional open interest is concentrated in BTC and ETH pairs, so notional impact is usually largest in those markets even if altcoins show bigger percentage swings. Source: Glassnode derivatives datasets and Week On-Chain reports, 2023-2024. Traders monitor funding rates, open interest drawdowns, and liquidation heatmaps to assess whether the cascade is exhausting or continuing; spikes in negative funding and sharp OI declines often coincide with capitulation. Source: Kaiko Research on market microstructure and liquidations, 2023, and Glassnode 2023-2024. Common risk controls during liquidation-driven moves include reducing leverage, using limit orders to mitigate slippage, and placing stops away from known liquidation clusters. Source: CME Group risk management guides and Deribit Insights on liquidation mechanics.

According to @rovercrc, $446,000,000 worth of long positions were liquidated across the cryptocurrency market in the past 24 hours (source: @rovercrc on X, Aug 18, 2025).