Bitcoin crashes below $76k, Ethereum retreats to $2,000! Over $134 million in liquidation across the entire network in 4 hours

The crypto market experiences a deep night massacre!
In the early morning of the 27th (Taiwan time), Bitcoin faced strong selling pressure, dropping from the high of $78k and sliding all the way down, breaking below the $76k level;
Ethereum also lost the $2,100 support, retreating to the $2,000 level.
The rapid decline caused bloodshed in the futures market, with total liquidations across the network reaching as high as $134 million in the past 4 hours,
with longs suffering massive liquidations.
(Background recap: MicroStrategy’s fierce rival, asset management giant Strive, added another $85.4 million to buy 1,109 BTC,
pushing total holdings past 16k BTC)
(Additional background: Bitcoin volatility hits an 8-month low! Derivatives indicators suggest: breaking through $82k will trigger a large-scale short squeeze)

The cryptocurrency market was hit with a sudden crash late at night, and overall market sentiment significantly declined.

In the early morning of May 27, 2026 (Taiwan time), the crypto market experienced intense selling pressure.
Leading Bitcoin (BTC) plummeted from the $78,000 level on the evening of the 26th,
continuously breaking key support levels, and has now fallen below the $76,000 mark.

At the same time, Ethereum (ETH) also declined sharply, once again breaking the $2,100 barrier,
currently fighting to defend the psychological level of $2,000.

Futures market bloodbath, $134 million in liquidations in 4 hours

This sudden plunge caught many long contract investors off guard.
According to data platforms like Coinglass, in the past 4 hours, the total liquidation amount across the entire crypto futures market has reached $134 million.

Looking further into the liquidation data, the fund liquidations are extremely one-sided:

• Longs Liquidated: up to $122 million, accounting for over 90% of total liquidations, indicating a large amount of bullish positions being forcibly closed during the decline.
• Shorts Liquidated: only about $12 million.

The market sentiment is currently very cautious, with investors closely watching whether Bitcoin can find effective support near $75k,
and whether Ethereum can successfully hold the $2,000 critical level.
Dianqu reminds investors that recent market volatility has intensified, and those participating in futures trading must strictly manage leverage risks.