Bitcoin price today (BTC) is approximately $78,940 with a 24-hour range from about $74,550 to $79,258 and a market cap near $1.57 trillion. BTC remains down sharply from its October 2025 all-time high of $126,198. Recent price action has been dominated by heavy sell-offs and forced liquidations across derivatives markets. Data from CoinGlass and market reports show that over $2.56 billion in Bitcoin positions were liquidated in recent days, reflecting broad deleveraging in crypto as BTC slid below key support levels around $80,000. In separate reports, Bitcoin’s drop below $85,000 triggered at least $320 million in liquidations in a 24-hour period, with long bets—traders betting on higher prices, making up more than 80% of the forced closures. During weekend trading, BTC briefly dipped toward $75,000–$76,000, driven by cascading liquidations and thin market liquidity, signaling intense short-term pressure. These events mark some of the most significant liquidation episodes in recent months, adding to earlier waves that erased more than $1.7 billion in leveraged crypto positions when BTC fell to around $81,000. Key News and Recent Developments Market observers have linked the recent volatility partly to macro factors that have spooked risk assets broadly. A Reuters report highlighted that sharp selling in equities and precious metals contributed to crypto stress, amplifying Bitcoin’s downturn and liquidation pressure. Another narrative from crypto news outlets emphasizes broader deleveraging following extended rallies, with traders flushing excessive long positions. This dynamic increases volatility as margin calls trigger automatic position closures that feed back into price declines. Bitcoin’s decline has parallels with weakness in other markets during the same period, including precious metals and tech stocks, underscoring how interconnected risk sentiment has become. Despite the turmoil, some analysts argue forced liquidations can reset market positioning and create conditions for rebound if BTC holds key technical levels. Traders and investors are watching psychological and technical support zones near $75,000–$80,000 to assess whether selling pressure eases or extends.
