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19/05/26 13:11 UTC-04

Bitcoin Holds $77K Amid Sharp Rise in Crypto Market Liquidations

Bitcoin remained near the $77,000 level despite one of the largest liquidation events in recent months, as market participants observed signs of resilience among altcoins and broader cryptocurrency market positioning.

Data provided by trader and analyst Michaël van de Poppe showed that liquidation activity accelerated during the latest trading session. However, Bitcoin’s price action remained relatively stable compared to previous major sell-offs earlier this year.

According to data from CoinMarketCap, Bitcoin was trading at $77,013 at the time of publication, posting a modest daily gain of 0.16%. Trading volume increased by 48.43% to $38.43 billion, while market capitalization rose to approximately $1.54 trillion.

Liquidation Activity Increases While Prices Hold Key Levels

Michaël van de Poppe stated that the latest move marked the largest Bitcoin liquidation event in more than three months. He noted that Bitcoin’s price declined by only around 2.2% during the move, unlike in February, when similar liquidation pressure coincided with a much larger market drop.

He also pointed out that altcoins corrected less aggressively than Bitcoin during the recent pullback. According to him, previous market declines typically resulted in much steeper losses for alternative cryptocurrencies.

Van de Poppe added that Bitcoin continues to hold the $75,000–$76,000 range, which he described as an important support zone. He also mentioned an unfilled CME gap above current price levels as a possible short-term market target.

Meanwhile, trading firm MN Fund said the latest liquidation event represented the strongest pressure on Bitcoin markets since February. The company noted that current market behavior differs from previous periods when similar liquidation levels caused Bitcoin to fall from above $80,000 toward the $60,000 region.

MN Fund also reported that funding rates across several altcoins remain negative, while Bitcoin funding conditions have normalized following recent volatility.

Bitcoin Dominance Remains Around 60%

Separate dominance data from CoinMarketCap showed that Bitcoin dominance stood at 60.0%, up 0.67% during the measured period. Ethereum dominance fell to 10.0%, while other cryptocurrencies accounted for 29.9% of the total market.

Historical dominance data showed that Bitcoin’s market share has remained elevated in recent weeks. Bitcoin dominance reached a yearly high of 65.1% in June 2025, while the yearly low stood at 56.7% in September 2025.

See also: "Since the Beginning of 2026, Tether Has Frozen $1.4 Billion in USDT. How Is This Possible?"

#Bitcoin (BTC) #Crypto Market #Liquidations

Editor: Alyona Nabok
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