Bitcoin just triggered a major liquidation cascade as price dropped below $88,000. In the last hour alone, roughly $129 million in long positions were wiped out. This wasn’t gradual selling — it was a fast, leverage-driven flush.
The liquidation heat map makes it clear what happened. Bitcoin and Ethereum took the biggest hit, while altcoins like Solana and XRP were dragged down as margin calls fired simultaneously. Once price dipped below a key level, overleveraged long positions turned into fuel for further downside, accelerating the move.
These kinds of events reset the market quickly. Excess leverage gets cleared, weaker hands are forced out, and volatility increases on both sides. Liquidation cascades often signal local turning points — either setting up for another leg down or creating the conditions for a sharp rebound.
Now the big question is whether this was the final shakeout or just the beginning. All eyes are on Bitcoin, because the next move could be aggressive.
Stay tuned for more updates.
#Bitcoin #CryptoLiquidations #BTC $BTC
