Jan 20, 2026
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Bitcoin Falls Below $90K Amid $600M Crypto Liquidations
The price of Bitcoin dropped below the $90,000 mark, causing more than $600 million in crypto liquidations over the past 24 hours. This marks the second consecutive day of significant losses.
- BTC traded at $90,180, going as low as $89,825 intraday.
- Analysts are eyeing support levels between $80,500 and $84,500 for potential rebounds.
$600M Liquidations in 24 Hours
- Total liquidations exceeded $600 million, with Ethereum leading at $250 million and Bitcoin at $187 million.
- 150,000 traders were impacted, and the largest single liquidation was $6.80 million on Hyperliquid's ETH/USD pair.
- Most liquidations were from long positions, totaling $547 million out of the $600 million.
Macroeconomic uncertainties are driving capital away from risk-on assets like BTC and ETH toward safer options like gold and silver, which are rallying to all-time highs.
Notably, Michael Saylor's MicroStrategy acquired 22,305 BTC for $2.13 billion, averaging $95,500 per coin, despite market dips.