Bitcoin Price Hits 9-Month Low Amid $2.6 Billion Liquidation: What’s Next?
Bitcoin plunged to a nine-month low below $77,082, triggering $2.6 billion in liquidations, primarily long positions.Summary
The Bitcoin price experienced a sharp 6% drop, falling below the $80,000 support level to hit $77,082, marking its lowest point since April 2025. This decline pushed BTC below critical on-chain metrics like the True Market Mean ($80,500) for the first time in 30 months, historically signaling a transition toward a mid-term bear market. The price action caused a massive deleveraging event, resulting in the liquidation of approximately $2.58 billion in trader positions, with $2.42 billion coming from 'long' bets, marking the largest long squeeze in three months. Experts suggest this drop is due to an exhaustion of fresh buyer liquidity, as the Realized Cap has flatlined, meaning new capital is not entering the market to absorb selling pressure from early holders taking profits. Analysts predict the market will enter a "wide-ranging sideways consolidation" until a new price floor is established.
(Source：BeInCrypto)