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Bitcoin Price Only Drops by 2.2% During Largest Liquidation in Three Months

Bitcoin price fell by 2.2% during the largest liquidation in three months.

A total of $600 million in positions were liquidated during the day, yet there was no major panic.

In the short term, the area around $77,000 stands out as the first critical level.

However, the main point to watch out for is that if the main support level is lost, the downward risk could increase.

Despite a Bitcoin liquidation wave of a magnitude not seen in the cryptocurrency market for a long time, the pressure on the price remained limited. According to the latest data, approximately $600 million in Bitcoin positions were liquidated in a single day, yet despite this high volume of selling, the price only fell by 2.2%. This shows that, unlike the sharp price drop in February, Bitcoin is more resilient in the current market conditions.

Bitcoin limited volatility despite significant selling pressure.

Looking at the daily trading chart, the Bitcoin price traded around $76,651, experiencing a 0.98% decline during the session. Following the rapid decline from the 2025 peak, the price showed signs of recovery. Analyses indicate that compared to the sharp sell-off in February, the price loss was lower this time despite a larger number of liquidated positions.
The largest liquidation in the last three months has occurred. Surprisingly, the price only fell by 2.2%. This is very different from the major crash in February and stands out as a sign of significant resilience in the market.

According to the data, over $600 million worth of Bitcoin was liquidated, and the price's response with only a small decline demonstrates the market's capacity to absorb sharp sell-offs. This development also reveals that Bitcoin can find support in the short term, and that volatility can increase, especially when approaching key areas.

Market Positions and Critical Levels

The market monitoring company shared last week that it had reduced its risk and was acting more cautiously due to excessive positions. They stated that they plan to slowly re-enter the market following the recent liquidation movements. This statement shows that traders are closely watching whether the price can maintain its critical support zone despite the liquidation pressure.

Currently, the Bitcoin price is trading near the 0.786 Fibonacci retracement level at $77,331. Analysts point out that the $77,000 to $78,000 range is quite important in the short term. A close above this region could strengthen the uptrend towards the 0.618 Fibonacci retracement level at $85,902.

The nearest support levels are noted to be in the $70,000 to $72,000 range, and further down, at a significant retracement level of $66,413. A break below these levels could increase downward pressure.
Indicators included in the analysis on daily charts showed that a clear trend had not yet emerged in the market. The MACD indicator produced mixed signals, indicating that momentum had not fully shifted to the positive side. On the chart, the MACD line was at 606, while the signal line was at 1.286. The histogram being at -680 indicated that buying pressure had not gained sufficient strength.

The RSI indicator was also measured at 44.06, slightly below the neutral zone, with its moving average at 58.85. The fact that the RSI remained below the midline suggested that upward momentum in the market was weak. Bitcoin is not oversold; therefore, a continuation of the downward trend seems possible if the main support areas are lost.

Looking at the technical picture, Bitcoin is testing its stability after the recent pullback. Holding at the $77,331 level could help the recovery efforts continue. However, if this support is broken, a search for a new equilibrium in the $70,000 and $66,413 regions may come to the fore. Closing prices between $85,902 and $91,922 are considered a crucial threshold for the market to regain upward momentum.
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