Bitcoin liquidations surge past $770 million as price slides below $82,000

Bitcoin liquidations surge — Bitcoin’s price fell below the $82,000 level, triggering a wave of liquidations across the crypto market that totaled over $770 million in the past day.

Data shows that $771 million in leveraged positions were forcibly closed, with the vast majority—$685.6 million—being long bets that the market would rise. The sharp downturn follows a period of significant price appreciation for Bitcoin, which had recently reached new all-time highs.

Such large-scale liquidations often exacerbate price movements, as the forced selling from liquidated positions adds further downward pressure. The event highlights the volatile nature of leveraged crypto trading, where rapid price shifts can quickly erase collateral.

The market is now watching to see if support can be established around current levels or if the selling pressure will continue. The scale of the long liquidations suggests many traders were caught off guard by the sudden reversal.