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Rollercoaster bitcoin price moves end up liq
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Rollercoaster bitcoin price moves end up liq
Rollercoaster bitcoin price moves end up liquidating $1.7 billion in bullish crypto bets
Rollercoaster bitcoin price moves end up liquidating $1.7 billion in bullish crypto bets
More than $1.7 billion in leveraged positions were liquidated in 24 hours as bitcoin fell to $81,000, with long bets accounting for nearly all the damage amid macro jitters and Fed chair speculation.
By Shaurya Malwa
Jan 30, 2026, 4:43 a.m.
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What to know:
- More than $1.68 billion in leveraged crypto positions were liquidated in 24 hours, with about 267,000 traders forced out of trades.
- Long positions accounted for nearly 93 percent of the wipeout, led by roughly $780 million in bitcoin and $414 million in ether liquidations.
- Analysts say the sell-off was driven less by new bearish sentiment than by overcrowded leverage unwinding, flushing out speculative excess and reducing forced flows in the market.
The crypto market unraveled hard over the past 24 hours, triggering $1.68 billion in liquidations as leveraged bets were wiped out across major exchanges, according to CoinGlass data.
Roughly 267,370 traders were forced out of positions, with longs accounting for an overwhelming $1.56 billion, or nearly 93% of total liquidations.
STORY CONTINUES BELOW
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Shorts made up just $118 million, indicative of how one-sided positioning had become before the move lower.
Bitcoin and ether led the damage. BTC alone saw about $780 million in liquidations, while ETH followed with more than $414 million, per liquidation heatmap data. The largest single hit was a $80.57 million BTC-USDT position on HTX, a reminder that even deep liquidity doesn’t protect oversized leverage when momentum flips.
(Coinglass)
The pain was concentrated on perpetuals-heavy venues. Hyperliquid topped the list with $598 million in liquidations, over 94% of them long, reflecting how aggressively traders had leaned into upside bets. Bybit followed with $339 million, and Binance logged $181 million, with long exposure dominating across all three.
Liquidations occur when leveraged traders can no longer meet margin requirements and exchanges forcibly close positions to prevent further losses.
In fast markets, this becomes reflexive: forced selling pushes prices lower, which triggers more liquidations, feeding a cascade. That feedback loop is exactly what played out here.
For traders, liquidation data matters because it exposes where leverage was crowded and where risk has been flushed.
Heavy long liquidations often mark the clearing of speculative excess, resetting funding rates and open interest. That doesn’t mean a bottom is in — but it does mean weak hands are gone, and price action going forward is less distorted by forced flows.
The broader takeaway is that the move was not likely not driven by fresh bearish conviction but leverage breaking. When nearly everything on the board is long, the market doesn’t need bad news — it just needs gravity.
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Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
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Bitcoin pulls back to as low as $81,000 as horrendous day continues
The world's largest cryptocurrency has shed nearly $10,000 over the past 24 hours, now threatening to take out its recent November low just under $81,000.
What to know:
- Bitcoin (BTC) continued to quickly decline in the U.S. evening hours on Thursday, the price falling all the way to $81,000.
- More than $777 million in leveraged crypto long positions were liquidated in the space of one hour.
- Comments from President Trump caused a surge in Polymarket betting odds on Kevin Warsh becoming the next Fed chair, perhaps disappointing some traders who hoped the more dovish Rick Rieder would be selected.
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