Bitcoin slips below $90k, triggering $1B crypto liquidations

The sharp drop in Bitcoin to 86,099 suffered $ 1.06 billion on the cryptography market, with long positions under 873 million dollars in losses.

According to February 26 data From CorquiLass, up to 230,000 merchants have been liquidated in the past 24 hours. The open interest fell by 5%, indicating a large deterioration. The exchange entries climbed by 14.2%, which could point out more panic sale. In addition, financing rates have changed negative, reflecting a change in the attitude of investors.

Strong withdrawals of us see Bitcoin (BTC) The FNBs accompanied the massive sale. The five days outings Totated $ 1.1 billion, the ETF losing $ 516 million on February 24 only.

Crypto -related stocks were also affected, the Coinbase (corner) lowering 6.4%, Robinhood (Hood) down 8% and Bitcoin Miners Bitdeer (BTDR) and Digital Marathon (Mara) down 29% And 9%, respectively.

According to data on the Intotheblock chain, 12% of all Bitcoin addresses are currently being losing momentum, which represents the highest percentage of unrealized losses since October 2024. That many investors have bought close to summits of all time of $ 108,000 are underwater.

Whale activity has also accelerated. Throughout the previous week, Bitcoin whales have dropped more than $ 1.2 billion. THE decline Bitcoin has been widely triggered by the worsening of macroeconomic conditions.

The global markets have been shaken by the prices offered by Donald Trump in Canada and Mexico, who increased concerns about inflation and economic stagnation. Meanwhile, geopolitical tensions between the United States and China, in particular on commercial restrictions on semiconductors, have been able to appetite for risks.

There has also been a decrease in traditional financial markets, the Nasdaq Composite plunging 2.8% and the S&P 500 losing 2.1%. A flight to security, which generally exerts pressure on risky assets such as Bitcoin, is indicated by strengthening the US dollar index.

The support of $ 88,000 for Bitcoin is still crucial because a drop below can lead to another round of liquidation. Although excessive lever effect, persistent economic uncertainty and market confidence in the future in the future, traders are considering $ 90,000 as possible recovery level.