Bitcoin saw a sudden weekend liquidity cascade that took BTC price to near $75,000 for the first time since its April 2025 low.
Bitcoin (BTC) fell over 7% during weekend trading as a fresh price collapse liquidated $800 million.
Key points:
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Bitcoin drops to near its 2025 low as mass liquidations accelerate.
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BTC price action fails to hold $80,000 and its key true market mean level.
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Strategy’s 700,000 BTC corporate treasury falls into the red versus its aggregate cost basis.
BTC price collapses below $76,000
Data from TradingView showed BTC price losses taking BTC/USD below $80,000 for the first time since April 2025.
BTC/USD one-hour chart. Source: Cointelegraph/TradingViewAlready licking their wounds from a brutal week, Bitcoin traders faced stronger downside as low-liquidity weekend conditions exacerbated volatility.
At the time of writing, BTC/USD traded below $78,000, with the April 2025 bottom near $74,500 now in focus.
“Local Low at $80.5k was annihilated,” Keith Alan, cofounder of trading resource Material Indicators, reacted on X.
Analyst On-Chain College noted that Bitcoin had now lost its true market mean — the aggregate cost basis for the current active BTC supply.
“Bitcoin is now BELOW the True Market Mean ($80.7K) for the first time since October 2023, when the price was at $29K,” he noted.
BTC/USD one-week chart with true market mean of active supply. Source: Cointelegraph/TradingViewAlan supplied various downside levels to note, including the top of Bitcoin’s last bull market from November 2021 at $69,000.
BTC/USD one-day chart. Source: Keith Alan/XEarlier, Cointelegraph reported on $76,000 as a popular target as Bitcoin failed to catch a bid despite stocks and precious metals beating all-time highs.
Strategy Bitcoin holdings dip negative
Another cost basis level, meanwhile, loomed large for both crypto market participants and beyond.
Related: Bitcoin vs. gold: BTC is a ‘better opportunity’ than in 2017, data says
Strategy, the firm with the largest corporate Bitcoin treasury, faced going into the red on its BTC holdings at $76,037.
The company currently holds in excess of 700,000 BTC, with its stock price at $143, having tumbled nearly 70% from its local highs of $455 in July last year.
Strategy (MSTR) stock price (screenshot). Source: Bitcoin TreasuriesThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
Source: https://cointelegraph.com/news/bitcoin-crashes-76k-strategy-cost-basis-2b-liquidation?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
