🗞 Breaking News: Bitcoin drops below $77k, $527 million liquidated in one hour

🔴 Event
Bitcoin lost the $77,000 level on Sunday evening (May 18th) Eastern Time, briefly falling to around $76,500, hitting a two-week low.
💥 Liquidation Scale
Over $527 million was liquidated across the entire network within one hour, with long positions (leveraged longs) accounting for over $510 million, about 97%. On-chain data shows that the peak liquidation period was between 7:40 and 7:47 this morning, with over $120 million in market sell orders, leading to concentrated long liquidations.
📉 Reasons for the Drop
Geopolitical risk: Trump posted on Truth Social that if US-Iran negotiations reach a deadlock, military action will be taken, directly triggering risk aversion.
Macroeconomic pressure: Oil prices surged, coupled with rising US Treasury yields, inflation concerns increased, and funds withdrew from risk assets.
Technical breakdown: Bitcoin repeatedly failed to break above $79,000–$80,000, and after breaking below the key support at $77,800, triggered a chain reaction of forced liquidations.
⚠ Market Impact
Mainstream cryptocurrencies like Ethereum also came under pressure, with ETH falling below $2,100. The Korean stock market also declined about 3%, with risk assets collectively weakening. Total liquidations within 24 hours exceeded $584 million, with over 100k accounts forcibly liquidated.
#比特币 #BTC #加密货币 #Liquidation #Geopolitics