Bitcoin Plunges Below $76,000 Triggering $2.5 Billion Liquidations

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Bitcoin Plunges Below $76,000 Triggering $2.5 Billion Liquidations

The cryptocurrency fell more than 7% on Saturday, sparking one of the largest single-day liquidation events with $2.5 billion in positions wiped out, including $767 million in Bitcoin longs. Ethereum dipped under $2,300, Solana below $100, and the total market lost over $200 billion amid cascading forced sales from stop-loss clusters. MicroStrategy's massive Bitcoin holdings slipped into unrealized losses for the first time since October 2023, while Bitcoin later stabilized around $77,000-$81,000. Analysts chalked it up to crypto's inherent volatility, with no major external catalyst.