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Bitcoin Suffers a Major Decline: $1 Billion in Liquidations
As investors’ expectations for a new short-term bullish trend in Bitcoin continue to weaken, the leading cryptocurrency BTC intensified negative market sentiment with its sharp decline over the past 24 hours.
Bitcoin’s price fell by more than 5% over the last 24 hours, dropping to $67,312. As a result, BTC’s total losses over the past week have exceeded 12%. The price has fallen below the $68,000 level for the first time since April and is trading approximately 46% below its all-time high of $126,080.
Among the factors contributing to selling pressure in the market is the Bitcoin sale carried out last week by Strategy, a company known for its Bitcoin-focused strategy. The company sold 32 BTC worth approximately $2.5 million, marking its first Bitcoin sale since 2022. However, the amount sold remains quite limited compared to the company’s Bitcoin holdings, which are valued at roughly $57 billion.
On the other hand, the ongoing outflows from U.S. spot Bitcoin ETFs are also undermining investor confidence. Over the past 11 trading days, Bitcoin ETFs have experienced net capital outflows, with total withdrawals exceeding $3.4 billion during that period. As a result, net inflows into U.S. spot Bitcoin ETFs have turned negative since the beginning of the year. In other words, the amount of capital leaving ETFs in 2026 has already surpassed the amount flowing into them.
Investors who opened positions in futures markets in anticipation of a price increase have also suffered substantial losses. According to CoinGlass, approximately $600 million worth of Bitcoin long positions were liquidated over the past 24 hours.
Across the cryptocurrency market, positions totaling $1.24 billion were liquidated during the last 24 hours. Of this amount, $1.12 billion came from long positions, while short-position liquidations accounted for approximately $124.85 million.
Chart showing the decline in BTC price.
See also: "Bitcoin Falls Below $69,000 as U.S. Stock Market Rallies"
