Bitcoin fell below $77,000, triggering a massive liquidation wave in the crypto market. In one hour, nearly $600 million in positions were wiped out, while US spot ETFs recorded significant capital outflows. This brutal correction occurs in a context of strong tension on derivatives markets. At the same time, on-chain data shows that some long-term investors continue to accumulate BTC despite the volatility.
In brief
- Bitcoin briefly fell below $77,000, triggering strong tension across the entire crypto market.
- Nearly $600 million in positions were liquidated within an hour after this brutal correction.
- US Bitcoin spot ETFs recorded significant capital outflows, increasing selling pressure.
- Despite the current volatility, long-term investors continue to accumulate BTC according to on-chain data.
Bitcoin Plunge Causes Cascade of Liquidations
Bitcoin fell below $77,000, reaching a low point near $76,687. The correction immediately caused a violent purge on the derivatives markets.
The crypto market recorded nearly $600 million in liquidations in the span of an hour. This flash fall mainly affected overexposed long positions, taken by surprise by the sudden acceleration in selling pressure.
THE main elements observed during this fall are the following:
- Bitcoin fell below $77,000;
- The mentioned low point reaches around $76,687;
- About $600 million in positions were liquidated in one hour;
- US Bitcoin spot ETFs recorded net outflows of nearly 13,000 BTC over the week;
- More than 4,000 BTC relating to these withdrawals relate to ARK-related products.
This movement comes as American spot Bitcoin ETFs are going through a marked slowdown phase. Such dynamics reinforced the climate of uncertainty around institutional flows, while the market was already trying to regain stability after several tense sessions. The break of $77,000 served as a technical trigger, mechanically accelerating forced sales on leveraged platforms.
Long-term investors strengthen their positions
While short-term traders suffered the correction, on-chain data shows a very different reaction among historical bitcoin holders. According to CryptoQuant, the supply held by long-term investors continues to increase despite the current volatility. Analyst Darkfost points out that “supply held by long-term holders (LTH) continues to increase as investors hold on to their BTC”. The quantity of bitcoins owned by these wallets has now reached 15.26 million BTC, a level not seen since August 2025.
The same analysis indicates that approximately 316,000 BTC have been accumulated by these investors over the last thirty days. This behavior contrasts sharply with that observed last November, when these same players reduced their reserves by around 650,000 BTC over a similar period. Thus, this development indicates a different reading of the market: where speculative positions react to immediate volatility, long-term holders seem to consider the correction as a phase of strategic accumulation.
This contrast between rapid capitulation and gradual accumulation could weigh on the crypto market in the coming weeks. The massive liquidations reflect continued fragility in leveraged positions, while on-chain data shows that some investors continue to increase their exposure to bitcoin despite the volatility. If this accumulation dynamic continues, it could help absorb some of the current selling pressure and redefine the market balance.
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