Bitcoin price crashed to $82,224 on Friday morning, wiping out $1.7 billion in crypto liquidations within a single day. Over 270,000 traders got liquidated as the market went into freefall.
This marks Bitcoin’s lowest price since April 2025. The drop represents a 35% decline from the $126,000 peak we saw back in October. The entire crypto market lost $200 billion in value overnight.
Long positions got absolutely destroyed. Nearly all the liquidations came from traders who bet on prices going up.
Long Traders Got Crushed
Out of $1.7 billion in total liquidations, 93% came from long positions. That’s $1.57 billion from bullish bets gone wrong.
Bitcoin liquidations alone reached $768.69 million. Long positions made up $745.3 million of that amount. Ethereum followed a similar pattern with $417.43 million in total liquidations and $390.5 million from longs.
The exchange data shows where the damage hit hardest. Hyperliquid saw $567.2 million wiped from long positions. Bybit came next with $329 million in long liquidations. Binance recorded $152.3 million.
Leverage amplifies everything in crypto. When prices drop fast, margin calls force traders to close positions. This dumps more coins into the market, prices keep falling, and more traders hit their liquidation points. The cycle just keeps going.
Also Read: Liquidation Heatmaps Explained: How Pro Traders Identify Liquidity
Trump’s Tariffs and Middle East Tensions Sparked the Selloff
Washington made some big moves this week that rattled traders. Trump deployed warships toward Iran as things got tense between the two countries.
“Investors are worried that a broader pullback in AI-related tech stocks will affect the market as a whole.”
Tech and crypto move together now. When big tech companies drop, crypto usually follows right behind.
Bitcoin might hold here or drop more before finding a floor. We’ll find out soon if buyers think $82,000 is cheap enough or if sellers keep pushing it lower. One thing’s certain—watching $1.7 billion in Bitcoin liquidations disappear shows what happens when you trade with too much leverage in crazy markets.
Also Read: Why Did Gold And Bitcoin Drop Today?
Microsoft’s Earnings Miss Added Pressure
Tech stocks had a rough Thursday too. Microsoft shares plunged 10% after the company reported its worst numbers since March 2020. Record spending combined with slowing cloud sales sent investors running.
Jeff Mei, who runs operations at the BTSE exchange, made the connection clear when speaking to Cointelegraph. “Last night’s market dip had a clear correlation to Microsoft’s earnings flop,” he explained. “Investors are worried that a broader pullback in AI-related tech stocks will affect the market as a whole.”
Crypto and tech have become intertwined. When major tech companies stumble, digital assets often tumble along with them.
Whales Started Panic Selling
The Fear & Greed Index collapsed to 16 on January 30. That’s extreme fear territory and the lowest reading we’ve seen all year. Just 24 hours earlier, it sat at 26.
On-chain tracking from Lookonchain caught whales dumping positions. One whale sold 200 BTC during the crash, worth $16.91 million. This wasn’t a strategic exit. The same whale had bought 300 BTC at an average price of $111,459 during September and November. That’s a massive loss.
Another whale got liquidated on 2,700 gold tokens valued at $13.83 million. When big players start capitulating, it shows how much fear has gripped the market.
Also Read: Gold vs Bitcoin: Hedge, Rival, or Rotation?
Can Bitcoin Find Support Here?
Bitcoin sits at a critical level on the monthly timeframe. Some traders think the selloff went too far. Mei argued that point: “We think the dip was relatively overblown as cryptocurrencies have already declined since October, and that Bitcoin and other cryptocurrencies remain at an attractive price with limited downside.”
But several factors still weigh on the market. Geopolitical tensions aren’t resolved. The Iran situation could escalate. Tariff policies remain unclear. Tech earnings season continues with more potential disappointments ahead.
The liquidation data reveals how fragile leveraged positions became. Traders piled into longs expecting higher prices. When support broke, the cascade began. Those betting with borrowed money paid the price.
Extreme fear readings historically mark turning points. Markets tend to bottom when everyone feels pessimistic. But timing that bottom is another story. Bitcoin could consolidate here or test lower levels first.
The coming days will show whether buyers step in at these prices or if more downside awaits. Either way, the $1.7 billion in Bitcoin liquidations sent a clear message about the risks of leverage in volatile markets.
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Disclaimer:
Look, we’re just journalists reporting the news here, not your financial advisors. Everything you read above is for information purposes only. Crypto is wild, unpredictable, and can absolutely wreck your savings if you’re not careful. Never invest money you can’t afford to lose. Seriously, we mean it. Do your own research, talk to actual licensed financial professionals, and remember that past performance means absolutely nothing when it comes to future results. The crypto market can turn on a dime, and what’s hot today might be toast tomorrow. We’re not responsible for your investment decisions, good or bad. Trade smart, stay safe, and don’t bet the farm on anything you read on the internet, including this article.
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