Bitcoin Crashes Below $87,000 as $200 Million in Crypto Longs Liquidated in an Hour
Bitcoin Magazine
Bitcoin dropped below $87,000, causing $200 million in leveraged crypto long positions to be liquidated in one hour.Summary
Bitcoin extended its weekend decline, falling below $87,000 and triggering approximately $200 million in leveraged crypto long liquidations within the last hour, according to Coinglass data. At the time of reporting, BTC was trading around $86,751, down 2% over 24 hours, with trading volume near $38 billion. This drop followed a weak weekend where thin liquidity and selling pressure pushed the price down from the low-$92,000 range. Separately, Strategy (MSTR), the largest public BTC holder, acquired an additional 10,645 BTC last week for nearly $1 billion, bringing its total holdings to 671,268 BTC, funded primarily through equity issuance despite shareholder dilution concerns.
(Source：Bitcoin Magazine)