Bitcoin Drops Below $88K, Triggers $857 Million in Liquidations

Bitcoin's price dropped sharply, wiping out gains made in 2026. Over the past 24 hours, 167,513 traders were liquidated, with total liquidations reaching $857 million, primarily from long positions. The price fell below $88,000 on major exchanges.

Key Points

Liquidations concentrated in long positions accelerated the price decline.
Crypto market value decreased significantly within a short period.
Renewed tariff threats from the US led to risk aversion, affecting both stocks and cryptocurrencies.
Increased bond yields in Japan added pressure on global liquidity, impacting carry trades and risky assets.
Safe havens like gold surged as investors sold Bitcoin to cover losses or margin calls.

Market Outlook

Investors will monitor global bond markets, tariff developments, and forced selling trends.
If liquidity conditions stabilize, recovery in risk assets, including crypto, is possible; otherwise, pressure may continue.