2026-01-07 08:31:31

Bitcoin took a sharp hit today, dropping $3,000 in value as the market experienced significant turbulence. The sell-off triggered a cascade of liquidations, with over $220 million in long positions wiped out within just three hours.

The broader crypto market bore the brunt of the downturn—approximately $80 billion was erased from total market capitalization. Major assets saw notable pullbacks across the board:

• Bitcoin slid to $92,678
• Ethereum retreated to $3,257
• XRP dipped to $2.25
• Solana fell to $138.92

The rapid liquidation spike suggests leveraged positions were forced to close as prices broke key support levels. Market participants are now closely watching whether these levels will hold or if further downside pressure could trigger additional liquidation cascades in the coming hours.

BTC1,75%

ETH1,61%

XRP-1,12%

SOL0,33%

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defi_detective

· 01-10 06:04

Leverage traders got liquidated again, losing 3,000 yuan instantly, with 22 billion in funds evaporated. This move was quite intense.

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SignatureLiquidator

· 01-10 02:07

I'm just here to watch the show. If 22 billion gets liquidated, so be it. I've been waiting for this wave. --- Another crash show. The leverage traders will have to pay their tuition again. --- Can the 92,678 level hold? Feels like it's going to break again. --- 8 billion gone. Someone's going to be eating instant noodles for dinner tonight haha. --- The liquidation machine has started again. This rhythm is all too familiar. --- A 3,000 drop in BTC really hurts, but it's nothing compared to that 22 billion liquidation. --- Did the key support break? Then just wait for the continued plunge. --- It's always like this—leverage opens and blood is everywhere. --- Can Bitcoin at 92,678 still stand firm? I don't believe it. --- Another feast of leverage liquidations. Let's see who will end up losing everything.

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StillBuyingTheDip

· 01-08 02:14

220 billion disappeared in an instant... This time, the leveraged traders are going to suffer heavy losses, it pains me to watch.

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CryptoFortuneTeller

· 01-07 09:00

Oh no, another bloodbath. Leveraged players will have to pay their tuition again.

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nft_widow

· 01-07 08:59

220,000 dollars liquidation, I just want to know how many people went all-in?

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DuckFluff

· 01-07 08:43

Here we go again, leveraged traders are being liquidated once more, 22 billion just gone... --- Dropped so much, can $92k hold? Feels like it still needs to fall further --- Laughing to death, those entering the market now probably aren’t really crazy, right? --- Wait, ETH just dropped to 3257? Isn’t this a bottom-fishing opportunity? --- SOL dropped so hard, my mentality is a bit shattered --- Another bloodbath, when will it finally settle down? --- Nightmare for leverage enthusiasts, but seriously, can the support levels really hold? --- 8 billion evaporated, this is the true cost of "HODL"

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AirdropFreedom

· 01-07 08:43

Leverage liquidation is happening again, this time directly clearing over 200 million, it's painful to watch.

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MevHunter

· 01-07 08:42

Here we go again, leveraged players are being liquidated. 22 billion is gone just like that.

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LiquidityNinja

· 01-07 08:39

Leverage traders have been liquidated again and again, losing 22 billion in three hours. That's the charm of crypto, haha.